Hubbell, Inc.’s (HUBB) third quarter earnings beat the Zacks Consensus by a wide margin, although revenue was more or less in-line. Government initiatives, the company’s market position, the product line-up and acquisition strategy indicate a strong comeback once the economy is more conducive.

While there are signs of a recovery in the latter half of 2010, we believe near-term growth could be impacted by the non-residential slowdown, conservatism and transmission focus of utilities and general weakness in the industrial market. Consequently, we are downgrading HUBB shares to Neutral.

Zacks Investment Research

1. (HUBB) Hubbell, Incorporated – Bull of the DayHubbell’s (HUBB) third quarter earnings beat the Zacks Consensus by a wide margin, although revenue...
2. (HUBB) Hubbell Tops Estimates – Expects Stronger 2010Hubbell Inc.’s (HUBB) third quarter earnings beat the Zacks Consensus Estimate by 29 cents. Revenue...
3. (HUBB) Electrical Products – Industry OutlookThe U.S. Electrical Products industry is highly fragmented, with the largest suppliers together accounting for...
4. (HUBB) Electrical Products Industry NeutralThe U.S. Electrical Products industry is highly fragmented, with the largest suppliers together accounting for...
5. (HUBB) Hubbell Incorporated Closes Burndy AcquisitionHubbell  Inc.(HUBB) announced the closure of the FCI Americas (Burndy business) acquisition yesterday. The company ...
6. (FOSL) Fossil Incorporated – Third Quarter Estimates LoweredFossil, Inc. (FOSL) has been cutting costs and inventory as it rides out the rough...

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