Sep
03
2009
Esterline posts 59 percent jump in 3Q profit
Posted by: in World of Warcraft, tags: 5 Million, 6 Million, Aerospace, Avionics, Defense Contractor, Earnings, Esterline, Excerpt, Net Income, Profit Margins, Quarter Profit, Random, Reuters, Share Analysts, Tax Benefit, ThomsonRandom Feed wrote an interesting post today on
Here’s a quick excerpt
BELLEVUE, Wash. — Esterline Corp. said Thursday its third- quarter profit jumped 59 percent as margins improved at the aerospace and defense contractor ’s avionics and controls business. Net income of $32.6 million, or $1.09 per share, compares with $20.5 million, or 68 cents per share, in the same period last year. Earnings include a tax benefit of about 10 cents per share. Analysts surveyed by Thomson Reuters expected earnings of 90 cents per share on revenue of $367.7 million.
Read the rest of this great post here
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