Credit Suisse Downgrades Esterline Tech (ESL) to Neutral
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Esterline Reports Fiscal 2015 First Quarter Results -- Reiterates Full-Year Guidance
March 5, 2015 4:05 PM ESTBELLEVUE, WA -- (Marketwired) -- 03/05/15 -- Esterline Corporation (NYSE: ESL)
Highlights:
Sales of $446 million for 13-week first fiscal quarter compared with $486 million in the prior year's 14-week first fiscal quarter Earnings from continuing operations of $25.1 million; adjusted earnings from continuing operations of $31.6 million GAAP earnings per diluted share from continuing operations (GAAP EPS) of $0.78, or $0.98 adjusted to exclude integration and incremental compliance costs, compared with year-ago GAAP EPS of $1.05, or $1.20 per diluted share adjusted Repurchased approximately 850,000 shares worth $92.6 million in the quarterEsterline Corporation (NYSE:... More
