Flir Systems: 2Q Earnings Snapshot
WILSONVILLE, Ore. (AP) _ Flir Systems Inc. (FLIR) on Wednesday reported second-quarter profit of $46.1 million.
The Wilsonville, Oregon-based company said it had profit of 34 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The imaging and surveillance systems company posted revenue of $482 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $480.2 million.
Flir Systems expects full-year earnings in the range of $2.30 to $2.36 per share, with revenue in the range of $1.92 billion to $1.95 billion.
Flir Systems shares have risen 26% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. The stock has risen 3% in the last 12 months.