Eaton Corp. beat analyst expectations today when they reported third quarter results. The Cleveland-based company earned $193 million this 3rd quarter compared to $318 million last year, yet that beat expectations. Like much of the rest of the economy, sales were down 26% from last year. Notably the company raised full year guidance for 2009.
Hopefully this is one of many companies in the industry who have put the worst days of the recession behind them.