NEW YORK (Reuters) ? Cooper Industries Ltd., a maker of electrical products and tools, said Tuesday its quarterly profit rose 26 percent on demand from industrial and utility customers and from non-residential construction.

It expects those trends to continue and raised its full-year earnings forecast, sending shares up 2.8 percent.

Cooper said the build-up of global energy infrastructure was also a driver of earnings growth, offsetting pressure from a weak home construction market and rising raw materials prices.

AG Edwards analyst Christopher Kotowicz called the report a ?hat trick?, since the company raised its forecast for the third time this year. Recent acquisitions were boosting profit margins, while existing businesses were also performing well, Kotowicz said in a note to clients.

Earnings in the third quarter rose to $128.2 million, or $1.37 a share, compared with $102 million, or $1.08 a share, a year earlier.

Analysts, on average, had expected profit of $1.33 per share, according to Reuters Estimates.

Sales were up nine percent to $1.31 billion, matching Wall Street forecasts.

The bigger of Cooper?s two segments, electrical products, reported a nine percent sales increase and an 18 percent rise in operating earnings.

Cooper?s smaller tools business reported a two percent sales increase and said operating earnings jumped 56 percent, as demand outstripped soft sales to retailers like Home Depot.

Bermuda-based Cooper, which makes products ranging from power and lighting systems to screwdrivers and measuring tape, said it expects ?solid demand? from utility and industrial sectors and said non-residential construction markets are improving.

Cooper said it expects fourth-quarter profit per share from continuing operations in a range of $1.26 to $1.32 and full-year earnings between $5.04 and $5.10.