The 2020 Mid-Year Economic Update_long

Eaton Sales Down 5% in 2016

Company's fourth-quarter sales were down 4 percent.

Diversified industrial manufacturer Eaton Corp. (NYSE: ETN), Dublin, Ireland, reported 2016 sales were $19.7 billion, a decrease of 5 percent from the previous year. Profit decreased 2.9 percent to $1.9 billion.

Sales for the fourth quarter were $4.9 billion, a decrease of 4 percent year-over-year. Profit fell 5 percent to $504 million.

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