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