Esterline Technologies Q1 Profit Rises; Backs FY14 Outlook - Quick Facts

(RTTNews) - Esterline Technologies Corp. (ESL) Thursday reported first-quarter net earnings attributable to Esterline of $30.1 million or $0.93 per share, compared to $25.1 million or $0.80 per share in the same quarter last year.

Adjusted earnings from continuing operations in the latest first quarter were $35.0 million or $1.08 per share.

On average, nine analysts polled by Thomson Reuters expected the company to earn $1.05 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $504.98 million, from $457.96 million in the prior year, while nine analysts expected revenues of $472.02 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 $5.64 per share on revenues of $2.06 billion.