ESCO Technologies (ESE) Reports In-line Results for Q1; Comments on Impact in 2010
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ESCO Technologies Inc. (NYSE: ESE) reports Q1 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter was $112.7 million, which compares to the estimate of $122.32 million.
The next quarterly cash dividend of $0.08 per share will be paid on April 20 to stockholders of record on April 5.
As noted earlier, Management decided to defer providing specific 2010 guidance due to the significant size and uncertain timing of the numerous projects in which the Company is currently engaged. Combined with the impact of the global economic recovery, Management believes the specific financial impact and timing of these large projects will be more quantifiable in the future, and therefore believes it is prudent to defer providing specific EPS guidance at this time.
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