Eaton sees 3Q revenues, income slip
Truck component maker Eaton Corp. said its net dropped to $47 million in the third quarter of 2001, down from $77 million in the same period last year. Eaton added that sales for the quarter were $1.75 billion, 13% below sales during the same quarter last year. During the third quarter, Eaton also took $33 million worth of pre-tax charges related to the restructuring of its operations. It also realized