UPDATE 1-Thomas & Betts Q4 profit up 11 pct

* Q4 EPS from cont. ops $0.51 vs $0.45 year ago

* Rev falls 14 pct

* Sees 2010 EPS from cont. ops of $2.20 to $2.60/shr

Feb 2 (BestGrowthStock) – Electrical components maker Thomas &
Betts Corp (TNB.N: ) reported an 11 percent rise in quarterly
profit, helped by lower expenses, but said it expects little
year-over-year change in 2010 consolidated sales.

The company, which serves the industrial, commercial,
communications and utility markets, said pockets of growth in
certain markets will be offset by declines in others.

For 2010, it sees net earnings from continuing operations
of $2.20 to $2.60 a share.

For the fourth quarter, net income from continuing
operations was $27.1 million, or 51 cents a share, compared
with $24.3 million, or 45 cents a share, a year ago.

Excluding items, the company earned 70 cents a share from
continuing operations.

Revenue for the company, which competes with Hubbell Inc
(HUBb.N: ) (HUBa.N: ), fell 14 percent to $492.8 million.

Analysts on average were expecting earnings of 63 cents a
share on revenue of $488.0 million, according to Thomson
Reuters I/B/E/S.

Selling, general and administrative expenses fell 11
percent to $95.3 million.

Shares of the Tennessee-based company closed at $34.44
Monday on the New York Stock Exchange.

Stock Market Analysis

(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by
Aradhana Aravindan)

UPDATE 1-Thomas & Betts Q4 profit up 11 pct