Eaton Corp., Cleveland, said its third-quarter profit rose 25 percent due in part to strong sales in its electrical segment. However, the company lowered its forecast for the fourth quarter and the full year.
Eaton reported earnings of $248 million for the quarter ended Sept. 30 compared with profits of $199 million a year ago. Sales rose to $3.12 billion from $2.77 billion.
Alexander Cutler, the company’s chairman and chief executive, said the residential construction market
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