Eaton cuts Q4 and full-year earnings forecasts

12/16/2008 | Forbes

Eaton Corp. lowered its fourth-quarter and full-year guidance, citing the economic downtown for a slump in profit. Eaton now expects fourth-quarter earnings of 90 cents to $1 per share, lower than its earlier estimate of $1.55 to $1.65 per share. Eaton also forecast full-year earnings of $6.44 to $6.54 per share, down from earlier guidance of $7.10 to $7.20 per share.

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