Esterline Technologies Corporation (ESL) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Esterline Technologies Corporation (ESL) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.92 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.97. The company posted revenue of $490.30 million in the period, compared to analysts expectations of $466.11 million. The company’s revenue was up 4.7% compared to the same quarter last year.

Esterline Technologies Corporation closed down -1.16 points or -1.71% at $66.62 with 3,69,578 shares getting traded on Wednesday. Post opening the session at $66.95, the shares hit an intraday low of $66.34 and an intraday high of $68.08 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 22, 2015, James J Morris (director) purchased 1,000 shares at $93.14 per share price. According to the SEC, on Mar 17, 2015, Robert David George (VP,CFO, Corporate Development) sold 6,218 shares at $111.36 per share price. On Jan 15, 2015, Albert S Yost (Pres-Adv Mat’ls & Treasurer) sold 7,600 shares at $108.82 per share price, according to the Form-4 filing with the securities and exchange commission.

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs manufactures and markets engineered products and systems for application in the industries. The Company is focused on serving aerospace and defense customers. The Company’s products are used in military and commercial aircraft helicopters and land-based systems. Its products are used in the active and in-production United States military aircraft and Boeing commercial aircraft platform. In addition its products are supplied to regional and business jet manufacturers and aircraft engine manufacturers. The Company conducts its business in three segments: Avionics & Controls Sensors & Systems and Advanced Materials.

Esterline Technologies Corporation

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