logo
Share SHARE
FONT-SIZE Plus   Neg

B/E Aerospace Q1 Profit Grows - Quick Facts

BE Aerospace Inc. (BEAV) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Google is planning to significantly expand a carpool service on its navigational app Waze, according to a report in the Wall Street Journal. The move indicates the company is edging closer to a potential clash with ride-hailing service Uber Technologies Inc. Private equity firm Sycamore Partners has won the bankruptcy auction for the e-commerce business and intellectual property of U.S. women's apparel retailer The Limited with a bid of $26.8 million, Reuters reported, citing people familiar with the matter. A U.S. bankruptcy court judge must now approve the sale to Sycamore Partners. French telecommunications operator Orange SA reported Thursday higher net profit in its fiscal year 2016 mainly on income from discontinued operations. Operating income, meanwhile, declined, despite increased revenues. For fiscal 2017, the company projects higher adjusted EBITDA, a key earnings metric.
comments powered by Disqus
Follow RTT