October 17, 2005 9:00 AM, EDT

Eaton's Third-Quarter Profit Rises

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ehicle parts maker Eaton Corp. said Monday its third-quarter profit rose 17% from the same quarter last year, amid strong demand for truck parts and electrical products.

img src="/sites/default/files/images/articles/eatonlogo.gif" width=90 align=right>Eaton earned $199 million or $1.30 a share for the quarter, up from $170 million or $1.09 a year earlier.

The company said that excluding one-time costs it would have earned $1.33 a share, putting it in a range it projected earlier this year.

aton said its fourth-quarter earnings would be $1.25 to $1.35 a share, and for the full year it would earn $5.10 to $5.20 a share.

evenue rose 10% to $2.79 billion, Eaton said. Its electrical business posted a 13% jump in revenue to $978 million.

Truck segment revenue rose 24% to $601 million. Nafta — North American Free Trade Agreement — region heavy-duty production gained 14% over the previous year, while medium-duty production fell 11%, Eaton said.