Tuesday, Cooper Industries plc (CBE) reported fourth-quarter net income of $128.8 million or $0.76 per share, compared to net income of $111.1 million or $0.65 per share in the same quarter last year.
Excluding items, earnings for the quarter was $0.76 per share, compared to $0.84 per share in the comparable quarter last year.
On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.67 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter decreased 17.5% to $1.26 billion, from $1.52 billion in the year ago quarter. Analysts expected the company to report revenue of $1.25 billion for the quarter.
Looking ahead to the first quarter, the company expect earnings excluding items in the range of $.65 - $.70 per share. Revenue is expected to be down 3% - up 2% compared to both the first quarter and sequentially with the fourth quarter results. Analysts currently anticipate the company to earn $0.59 per share on revenue of $1.23 billion for the quarter.
For the full year 2010 the company expects earnings from continuing operations excluding items in the range of $2.70 - $2.90 per share. Revenue is expected to be down 1% - up 4%, including currency translation and acquisition revenue of approximately 2%. Analysts currently anticipate the company to earn $2.42 per share on revenue of $5.08 billion for the full year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.