AP NEWS

Esterline Technologies: Fiscal 4Q Earnings Snapshot

November 20, 2018

BELLEVUE, Wash. (AP) _ Esterline Technologies Corp. (ESL) on Tuesday reported fiscal fourth-quarter earnings of $52.7 million.

On a per-share basis, the Bellevue, Washington-based company said it had net income of $1.78. Earnings, adjusted for one-time gains and costs, came to $1.87 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The aerospace and defense supplier posted revenue of $535.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $531.7 million.

For the year, the company reported profit of $69.5 million, or $2.34 per share. Revenue was reported as $2.03 billion.

Esterline Technologies shares have climbed 56 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $116.74, a climb of 63 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESL at https://www.zacks.com/ap/ESL

AP RADIO
Update hourly