FLIR Systems (FLIR) Releases Earnings Results, Misses Expectations By $-0.02 EPS

FLIR Systems (FLIR) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $0.30 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.32. The company posted revenue of $379.50 million in the period, compared to analysts expectations of $359.88 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on FLIR Systems. Company shares were Reiterated by Needham on Mar 30, 2016 to “Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $35 .

FLIR Systems opened for trading at $32.85 and hit $33.37 on the upside on Friday, eventually ending the session at $33.31, with a gain of 1.62% or 0.53 points. The heightened volatility saw the trading volume jump to 5,09,249 shares. Company has a market cap of $4,582 M.

In a different news, on Mar 14, 2016, Steven E Wynne (director) sold 20,000 shares at $31.95 per share price. According to the SEC, on Mar 14, 2016, Earl R Lewis (director) sold 11,625 shares at $31.10 per share price. On Mar 2, 2016, Michael T Smith (director) sold 15,000 shares at $31.76 per share price, according to the Form-4 filing with the securities and exchange commission.

FLIR Systems Inc. (FLIR) designs develops markets and distributes thermal imaging systems visible-light imaging systems locater systems measurement and diagnostic systems and advanced threat-detection solutions. The Company’s operating segments include: Surveillance Instruments OEM and Emerging Markets Maritime Security and Detection. The Surveillance segment provides enhanced imaging and recognition solutions. The Instruments segments provide devices that image measure and assess thermal energy gases and related elements. The OEM and Emerging Markets segment provides thermal imaging camera cores and components. The Maritime segment develops and manufactures electronics and imaging instruments. The Security segment develops and manufactures cameras and video recording systems. The Detection segment offers sensors instruments and integrated platform solutions for the detection identification and suppression of chemical and other related threats.

FLIR Systems

Leave a Reply

FLIR Systems - Is it time to Sell?

Top Brokerage Firms are advising their investors on FLIR Systems. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.