Cooper Industries (CBE) Reports Q3 Earnings $.70 Per Share
October 22, 2009 9:27 AM
Cooper Industries plc (NYSE: CBE) reported third quarter 2009 earnings per share from continuing operations of $.68 (diluted), compared with $1.08 per share from continuing operations for the third quarter of 2008. During the third quarter of 2009 Cooper recognized a pre-tax restructuring charge of $6.5M or $.03 per share.
Cooper Industries plc (NYSE: CBE) reported third quarter 2009 earnings per share from continuing operations of $.68 (diluted), compared with $1.08 per share from continuing operations for the third quarter of 2008. During the third quarter of 2009 Cooper recognized a pre-tax restructuring charge of $6.5M or $.03 per share.
The third quarter of 2009 also included a favorable impact from discrete tax items which improved reported results by approximately $.01 per share. Excluding these unusual items, the third quarter 2009 earnings per share was $.70 per share compared to $.97 per share for earnings for the third quarter of 2008.
