Esterline Technologies Q2 Profit Rises; Backs FY14 Outlook

(RTTNews) - Esterline Technologies Corp. (ESL) Thursday reported second-quarter net earnings attributable to Esterline of $36.9 million or $1.14 per share, compared to $35.5 million or $1.12 per share in the same quarter last year.

Adjusted earnings from continuing operations in the latest second quarter were $41.5 million, or $1.28 per share.

On average, eight analysts polled by Thomson Reuters expected the company to earn $1.31 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $529.57 million, from $499.56 million in the prior year, while eight analysts expected revenues of $521.48 million.

For the full year 2014, the company continues to expect adjusted earnings in the range of $5.40 and $5.70 per share on revenues of $2.0 billion to $2.1 billion. Analysts, based on consensus, currently expect the company to report full-year earnings of $5.69 per share on revenues of $2.11 billion.