More on Cooper Industries (CBE +0.7%): Q2 tops EPS estimates, with revenue in-line with Street...

|By:, SA News Editor

More on Cooper Industries (CBE +0.7%): Q2 tops EPS estimates, with revenue in-line with Street expectations. Net Earnings rose 17% Y/Y on better margins and improved revenue growth through recent acquisitions. The company says it will be suspending its earnings guidance going forward, citing its agreement to be acquired by Eaton Corp. (ETN +1.3%), which is expected to close in the second half of this year.