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

Quick Facts

Editors Pick
Toyota is working on developing an electric car with a fast charging battery, the Chunichi Shimbun reported on Tuesday. Travelers leaving Comic-Con International in San Diego last weekend were in for a rude shock after United Airlines said that comic books were banned in their checked luggage. United Airlines claimed it was a Transportation Security Administration or TSA-mandated rule for all airlines operating out of San Diego over this weekend. A Singapore-based startup wants to make cryptocurrencies like Bitcoin go mainstream and be available for everyday transactions. TenX has built an app that serves as a digital wallet connected to the Visa card. The debit card will instantly convert multiple digital currencies into fiat money such as the dollars, yen and euros.
comments powered by Disqus
Follow RTT