Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

B/E Aerospace Q1 Profit Grows - Quick Facts

RELATED NEWS
Trade BEAV now with 

BE Aerospace Inc. (BEAV: Quote) posted higher first-quarter net earnings of $68.8 million or $0.67 per share compared with $50.3 million or $0.49 per share last year.

Excluding AIT costs, adjusted net earnings were $71.8 million or $0.70 per share during the latest quarter. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $0.62 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenues of $747.3 million increased 24.5 percent from the prior year's $600.2 million, whereas 16 analysts estimated revenues of $702.43 million for the quarter. Pro forma revenue growth, giving effect to all 2011 and 2012 acquisitions as if they had occurred on January 1, 2011, was 16.9 percent.

For 2012, the company estimates earnings of around $2.75 per share and revenues of nearly $2.95 billion, while 19 analysts project earnings of $2.80 per share on $2.98 billion revenue. BE Aerospace also anticipates continued strong orders in 2012 driven by the robust wide-body aircraft delivery outlook and solid aftermarket demand.

Click here to receive FREE breaking news email alerts for BE Aerospace Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
U.S. stocks edged higher on Tuesday, with the S&P 500 posting its first-ever finish above the 2,000 mark as strong economic data and a flurry of merger news contributed to buying interest. Led by energy stocks, the S&P 500 rose 2.1 points, or 0.1%, to 2,000.02 after touching an intraday record just... South Africa's leading index rose for the second straight month in June, figures from the South African Reserve Bank showed Tuesday. The composite leading index, which measures perception on future economic conditions, rose by 0.5 percent to 100.1 in June from 99.6 in the previous month. Out of ten... German business sentiment weakened for the fourth consecutive month to the lowest level in a year in August, as the escalating crisis in Ukraine and the resultant sanctions against Russia pose downside risks to the economic activity. The Ifo business climate index fell to 106.3 in August, the lowest since July 2013, from 108 a month ago, a monthly survey conducted by the Ifo institute showed.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.