Eaton, Emerson Optimistic Despite Weak Results
Diversified manufacturers Emerson Electric (EMR) and Eaton (ETN) reported higher quarterly sales early Tuesday, although earnings were lighter than expected. Both were positive on prospects for the coming year. Eaton's shares were up 3% Tuesday midday after it said integration of Ireland-based Cooper Industries, which it bought last year, is going well and guided for 42% higher sales this year than in 2012. Eaton's Q4 EPS fell 24% vs. the same
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