Flir Systems Inc. Reveals 10% Retreat In Q2 Profit

(RTTNews) - Flir Systems Inc. (FLIR) reported a profit for second quarter that retreated compared to the same period last year.

The company said its earnings declined to $45.37 million, or $0.33 per share. This was lower than $50.50 million, or $0.36 per share, in last year's second quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.5% to $402.73 million. This was up from $392.98 million last year.

Flir Systems Inc. earnings at a glance:

-Earnings (Q2): $45.37 Mln. vs. $50.50 Mln. last year. -Earnings Decline (Y-o-Y): -10.2% -EPS (Q2): $0.33 vs. $0.36 last year. -EPS Decline (Y-o-Y): -8.3% -Analysts Estimate: $0.35 -Revenue (Q2): $402.73 Mln vs. $392.98 Mln last year. -Revenue Change (Y-o-Y): 2.5%

-Guidance: Full year EPS guidance: $1.60 - $1.65 Full year revenue guidance: $1.60 - $1.65 Bln