ESCO Technologies (ESE) Releases Earnings Results, Beats Expectations By $0.05 EPS

ESCO Technologies (ESE) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.49 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.44. The company posted revenue of $140.20 million in the period, compared to analysts expectations of $143.18 million. The company’s revenue was up 4.5% compared to the same quarter last year.

ESCO Technologies closed down -0.6 points or -1.40% at $42.35 with 1,17,025 shares getting traded on Friday. Post opening the session at $42.84, the shares hit an intraday low of $42.18 and an intraday high of $42.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Feb 13, 2015, Alyson S Barclay (Sr VP, Secretary & Gen Coun) sold 15,000 shares at $36.82 per share price.

ESCO Technologies Inc. is organized based on the products and services it offers. Under this organizational structure the Company has three reporting segments: Filtration or Fluid Flow (Filtration) RF Shielding and Test (Test) and Utility Solutions Group (USG). The Filtration segment’s operations consist of: PTI Technologies Inc. VACCO Industries Crissair Inc. and Thermoform Engineered Quality LLC. Test segment operations consist of ETS-Lindgren Inc. (ETS-Lindgren). ETS-Lindgren is an industry leader in providing its customers with the ability to identify measure and contain magnetic electromagnetic and acoustic energy. The Company’s USG segment’s operations consist of Doble Engineering Company (Doble). Doble provides intelligent diagnostic test solutions for the electric power delivery industry and is a supplier of power factor and partial discharge testing instruments used to assess the integrity of high-voltage power delivery equipment.

ESCO Technologies

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