Profit rises 34 percent for Coooper Industries
Created: Oct 24, 2007 11:00 AM
NEW YORK (Reuters) - Cooper Industries, which makes electrical products and tools, reported a higher quarterly profit yesterday, citing international demand and a boost from recent acquisitions.
Net earnings rose 34 percent to $171.9 million, or 93 cents per share, compared with $128.2 million, or 69 cents per share a year earlier.
Stripping out one-time gains related to the public offering of a former division and legal matters, Cooper earned 83 cents per share.