An improving economy helped Eaton earn $155 million, or 91 cents per share, in the quarter that ended March 31, compared with a loss of $50 million, or 30 cents per share, for the same quarter last year. Eaton easily beat analysts' estimates of a profit of 83 cents per share. For the second quarter, the company expects a profit of $1.05 to $1.15 per share. For the year, Eaton raised its earnings forecast to $4.15 to $4.45 per share.
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