The U.S manufacturer Eaton Corp managed to top estimates projections and report strong earnings over the past three months of $193 million or $1.14 a share down from $315 million or $1.87 a share a year earlier but higher than markets estimates of $0.95 a share.

The Company’s Sales dropped by 26% reaching a total of $3.03 billion but trimmed its workforce by 15% in order to present strong earnings and survive the crisis which lowered the general level of demand on a global scale.

Eaton lifted its Full year profit projections to range between $2.4 and $2.5 a share as up from the previous $2.0 - $2.20 a share projection earlier this year, as the company raised its fourth quarter earnings projections to range among $1.15 to $1.25 a share while analysts estimate a $1.007 a share project for the company in the final quarter of this year.