* Cuts Q3 EPS view to $0.94-$0.98 from $0.98-$1.03
* Cuts 2011 EPS from cont ops view to $3.75-$3.82 from $3.80-$3.90
* Shares down 6.5 pct in extended trade (Follows alerts)
Sept 15 (Reuters) - Electrical products maker Cooper Industries cut its third-quarter earnings outlook, as it faces weakness in its residential and commercial markets, along with softness in its electronics business.
The company sees third-quarter earnings of 94-98 cents a share, down from its prior estimates of 98 cents to $1.03 a share. Analysts, on average, were expecting earnings of $1.02 a share, according to Thomson reuters I/B/E/S.
Cooper said material inflation and production shortfalls from restructuring activities would also hurt its third quarter.
Shares of the Dublin-based company were down 6.5 percent in trading after the bell. They closed at $48.21 on Thursday on the New York Stock Exchange.
(Reporting by Divya Sharma in Bangalore) (firstname.lastname@example.org; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: email@example.com))