Cooper Industries Guides Q3 EPS $0.94-$0.98; Sees Q3 Sales up 9-12%

Cooper Industries plc CBE today updated its outlook for the third quarter and full year 2011 and provided a preliminary outlook for 2012. Cooper expects fully diluted earnings per share for the 3rd quarter to be in the range of $0.94-$0.98. Sales are expected to increase 9% to 12% versus the third quarter of 2010, including the revenue contribution from the Martek and Gitiesse acquisitions (approximately $25 million). Cooper expects fully diluted earnings per share from continuing operations for fiscal year 2011 to be in the range of $3.75-$3.82.