Cooper Industries reports fourth quarter 2010 results

Electrical products manufacturer Cooper Industries has reported its fourth quarter financial results for the fiscal year ending 31 December 2010.

Core revenue for the quarter reached $1.26bn (£0.79bn), a 14.1 per cent increase from the total of $1.1bn recorded for the same period of 2009, excluding that year’s Tools segment revenue.

Fourth quarter 2010 earnings per share from operations increased 12 per cent to $0.85 (diluted) compared with $0.76 per share for the equivalent quarter of last year.

Currency translation for the quarter reduced reported revenues by 0.6 per cent and acquisitions added 0.7 per cent compared to the prior year.