Cooper Industries Earnings: Margin Expansion Driven by Revenue Growth, Profit Rises

Cooper Industries plc. (NYSE:CBE) reported its results for the third quarter. Cooper Industries is a worldwide manufacturer of electrical products and tools.

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Cooper Industries plc. Earnings Cheat Sheet

Results: Net income for the electronic products rose to $188.4 million ($1.16 per share) vs. $160.2 million (98 cents per share) in the same quarter a year earlier. This marks a rise of 17.6% from the year-earlier quarter.

Revenue: Rose 7.8% to $1.5 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cooper Industries plc. beat the mean analyst estimate of $1.12 per share. Analysts were expecting revenue of $1.47 billion.

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 6 cents in the second quarter, by 5 cents in the first quarter, and by 2 cents in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 7.4% to $1.47 billion in the second quarter. The figure rose 9.9% in the first quarter from the year earlier and climbed 9% in the fourth quarter of the last fiscal year from the year-ago quarter.

Net income has increased 1.4% year-over-year on average across the last five quarters. The biggest gain came in the most recent quarter, when income climbed 17.6% from the year-earlier quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from $1.14 a share to $1.13 over the last sixty days. For the fiscal year, the average estimate has moved up from $4.33 a share to $4.37 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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