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Diversified industrial manufacturer Eaton Corp. (NYSE: ETN), Dublin, Ireland, reported sales for the third quarter of $5.4 billion, a 3.9 percent increase over the same period a year ago. Profit decreased from $1.4 billion to $416 million.
Electrical products sales increased slightly year-over-year to $1.8 billion, and sales for electrical systems and services were up 6.9 percent to $1.5 billion.
Hydraulics sales were $670 million, up 5.7 percent compared to the prior year quarter, aerospace sales increased 9.1 percent to $478 million and vehicle sales increased 2.1 percent to $876 million.
For the first nine months, sales were $16.2 billion, up 6.3 percent over the same period a year ago. Profit decreased 35.6 percent to $1.5 billion.