Eaton posts lower third-quarter profit


U.S. manufacturer Eaton Corp reported lower quarterly profit on Wednesday, weighed down by weaker results in a unit that supplies truckmakers, and the company said its markets are growing more slowly than it had expected.

The maker of electrical and hydraulic systems reported net earnings fell 5 percent to $345 million, or $1.02 per share, compared with $365 million, or $1.07 per share, a year ago.

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Sales fell 4 percent to $3.95 billion.

(Reporting By Nick Zieminski in New York Editing by W Simon)