Cooper Industries Earnings: Margins Expand with Strong Revenues, Profit Increases

Cooper Industries plc. (NYSE:CBE) reported its results for the second 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 $189 million ($1.17 per share) vs. $161.4 million (96 cents per share) in the same quarter a year earlier. This marks a rise of 17.1% from the year-earlier quarter.

Revenue: Rose 7.4% to $1.47 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cooper Industries plc. beat the mean analyst estimate of $1.12 per share. It fell exactly in line with the average revenue estimate 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 first quarter, by 5 cents in the fourth quarter of the last fiscal year, and by 2 cents in the third quarter of the last fiscal year.

Revenue has risen for the last four quarters. Revenue increased 9.9% to $1.4 billion in the first quarter. The figure rose 9% in the fourth quarter of the last fiscal year from the year earlier and climbed 12% in the third quarter of the last fiscal year from the year-ago quarter.

Net income has increased 55.5% year-over-year on average across the last five quarters. The biggest gain came in the second quarter of the last fiscal year, when income climbed more than threefold from the year-earlier quarter.

Looking Forward: Expectations for the company’s next-quarter results are lower than they have been. Over the past sixty days, the average estimate for third quarter has fallen from $1.14 per share to $1.13. 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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