Hubbell Posts 16 Percent Gain In 1Q 2008 profits

Hubbell Inc. Orange, Conn., said its first-quarter profit rose 16 percent. Net income for the three months ended March 31 rose to $48.4 million from $41.7 million in the year-earlier period. The company’s revenue rose to $627.9 million from $625.7 million. Analysts had expected revenue of $652 million.

“Overall sales were relatively flat due to weakness in certain of our markets, particularly residential, that were offset by the benefit of recent acquisitions and selling price increas

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