Precision Castparts (PCP) Misses Q3 EPS Views; Sees FY16 EPS Below Expectations

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Precision Castparts Third Quarter Fiscal 2015 Earnings Sales +5% to $2.46 Billion; EPS of $3.09, +5% Per Share From Continuing Operations

January 22, 2015 3:02 AM EST

Organic sales up 2 percent year over year, despite headwinds from an aerospace customer's inventory actions, year-end shipment deferrals, softening oil & gas markets, and extended equipment maintenance Sustained IGT growth, due to content expansion

PORTLAND, Ore., Jan. 22, 2015 (GLOBE NEWSWIRE) -- Precision Castparts Corp. (NYSE: PCP) reported its results for the third quarter of fiscal 2015:

Consolidated PCC (Unaudited; in millions, except per share data) Q3 FY15 Q3 FY14 Change   Sales $ 2,459 $ 2,338... More