Cooper Industries' Fourth-Quarter Profit Rises 17 Percent

Cooper Industries Ltd., Houston, said its fourth-quarter profit increased 17 percent. Earnings increased to $104 million, up from the year-ago quarter’s profit of $88.9 million. Revenue edged up 3 percent to $1.19 billion from $1.15 billion.

"We delivered a strong finish to an outstanding year, with good revenue growth, continued margin expansion and excellent cash flow in the fourth quarter," said Kirk S. Hachigian, the company’s president and chief executive officer . "Initiatives f

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