(Reuters) - The markets Eaton serves performed as expected in the first quarter, "buoyed by stronger conditions in the markets for NAFTA heavy-duty trucks and Brazilian agricultural equipment, offset by weaker conditions in the North American markets for residential electrical equipment and hydraulics," Eaton Chief Executive Alexander Cutler said in a statement.
The company expects the North American heavy-duty truck market to be slightly weaker for the balance of the year after it was stronger than expected at the start.
Read more at Reuters.com Market News
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