Cooper Industries Reports Lower Sales and Earnings But Sees Stabilizing Economy

Cooper Industries Inc. Houston, reported revenues for the first quarter 2002 were $975 million, compared with $1.1 billion for the same period last year, a 11.4 percent decline. Operating earnings for the first quarter 2002 were down 20 percent, dropping to $88.4 million for its 2002 first fiscal quarter, compared with $111.9 million for the first quarter 2001. Net income for the 2002 first quarter was $48.8 million, compared with $56.4 million in the 2001 first quarter, a 15.5 percent declin

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