(Previous story incorrectly stated that revenue guidance was below expectations)
Esterline Technologies Corp. (ESL) Thursday reported first-quarter net earnings of $25.1 million or $0.80 per share, up from $22.78 million or $0.73 per share in the same quarter last year. The company's latest quarter sales, however, missed analysts' expectations.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.64 per share for the quarter. Analysts' estimates typically exclude special items.
However, revenues for the quarter dropped to $457.96 million, from $470.88 million in the prior year, while nine analysts expected revenues of $467.07 million.
For the full year 2013, the company reaffirmed its earnings guidance and continues to expect per share earnings in a range between $5.45 and $5.80 on revenues in the $2.1 billion range. Analysts, based on consensus, currently expect the company to report full-year earnings of $5.58 per share on revenues of $2.07 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.