Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

B/E Aerospace Q1 Profit Grows - Quick Facts

RELATED NEWS
Trade BEAV now with 
4/23/2012 2:18 AM ET

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
Justin Moore has been named Humanitarian of the Year by by the Armed Forces Foundation. Moore received the award alongside Big Machine Label Group President/CEO Scott Borchetta for their service and commitment to the morale and welfare of military families through the Crown Royal "Your Hero's Name Here" contest. International Business Machines Corp. said Wednesday after the markets closed that its first quarter profit fell 21% from last year, hurt by lower revenue as well as a hefty workforce rebalancing charge. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Stocks moved sharply higher over the course of the trading day on Wednesday, further offsetting the steep losses posted late last week. The markets benefited from a positive reaction to the latest earnings news as well as remarks by Federal Reserve Chairman Janet Yellen. The major averages saw further upside going into the close, ending the session at their best levels of the day.
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.