Esterline Technologies Corporation (ESL) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $1.38 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $1.28. The company posted revenue of $517.10 million in the period, compared to analysts expectations of $491.28 million. The company’s revenue was up 6.7% compared to the same quarter last year.
Esterline Technologies Corporation closed down -1.05 points or -1.73% at $59.77 with 3,23,095 shares getting traded on Tusday. Post opening the session at $60.71, the shares hit an intraday low of $59.67 and an intraday high of $61.21 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 2, 2016, Robert David George (VP,CFO, Corporate Development) sold 20,800 shares at $67.07 per share price. According to the SEC, on Jun 22, 2015, James J Morris (director) purchased 1,000 shares at $93.14 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 Companys 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.