Esterline Technologies (ESL) Misses Q4 EPS by 3c

Esterline Technologies (NYSE: ESL) reported Q4 EPS of $1.82, $0.03 worse than the analyst estimate of $1.85. Revenue for the quarter came in at $548 million versus the consensus estimate of $556.5 million.

Esterline Technologies sees Eleven-Month FY2015 EPS of $5.35-$5.75, which may note compare with the consensus of $5.61. Esterline Technologies sees Eleven-Month FY2015 revenue of $1.85-1.95 billion, which may note compare with the consensus of $2.12 billion.

Curtis Reusser, Esterline's Chief Executive Officer, said, "We operated well and put a strong finish on an important year for Esterline. In the fourth quarter, we were pleased to have advanced our integration efforts, taken decisive steps to focus our operations, refined our strategic plan and set Esterline on a path for sustained growth and improved profitability."

Reusser added, "Our financial results were consistent with our expectations across the board and we executed well. We are also encouraged by the progress we've made with the divestiture process designed to reshape our portfolio of businesses to better focus our efforts on our best opportunities. We believe that as we progress through next year, we'll experience continued growth, both organic and acquired, and see our margins stabilize and then begin to increase as a variety of our initiatives take hold. Across the business, our teams are energized, capable, and guided by clear strategies and goals."

For earnings history and earnings-related data on Esterline Technologies (ESL) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Kodiak Sciences Inc. (KOD) Misses Q2 EPS by 7c
• Inhibrx, Inc. (INBX) Misses Q2 EPS by 54c