Diversified industrial manufacturer Eaton Corporation (NYSE:ETN - News) today announced revised earnings guidance for the fourth quarter, reflecting the impact of the global economic crisis on its end markets.“We have experienced recent, dramatic deceleration in global demand in our Automotive, Truck and Hydraulics segments,” said Alexander M. Cutler, Eaton chairman and chief executive officer. “The weakness in these segments has been accentuated by customer decisions to sharply curtail production starting in late November and continuing into December. We have also begun to see weakness in certain markets within our Electrical and Aerospace businesses.
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