Thomas & Betts Corp. (TNB) reported third quarter EPS of $0.61 Thursday morning, which topped the consensus estimate of $0.56. The company now expects to report full year 2009 EPS of $2.10 to $2.25, compared to prior expectations of $2.10 to $2.40. The consensus estimate is for EPS of $2.04.
Thomas & Betts Corp. gapped up Thursday and has continued to climb on above average volume. Shares are now up 1.93 at $34.25. The stock has risen past resistance and is now trading at a new high for the year.
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