Ahead Of The Bell: Eaton Sales Outlook
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HARTFORD, Conn. (AP) — Troubles in the auto industry could lead to reduced second-quarter revenue at manufacturer Eaton Corp., prompting at least one analyst to cut her profit estimates for the company.
Chief Executive Alexander M. Cutler told analysts at a conference Tuesday that the manufacturer of products ranging from car and truck transmissions to electrical circuit breakers could be $100 million less than the low end of Eaton's estimated revenue range of $3 billion to $3.1 billion for the second quarter.
He cited shutdowns of Chrysler and General Motors Co. plants "and the fact that we think Europe has not yet found a bottom." ...
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