amendment: Modifies the first paragraphs to say net income attributable to the company declines
Thursday, Precision Castparts Corp. (PCP) reported third-quarter net income attributable to Precision Castparts Corp. shareholders of $232.9 million or $1.64 per share, compared to $239.1 million or $1.70 per share in the same quarter last year.
Net income from continuing operations was $228.7 million or $1.61 per share, compared to $236.5 million or $1.68 per share in the year ago quarter.
On average, 17 analysts polled by Thomson Reuters expected the company to earn $1.64 per share for the quarter. Analysts' estimates typically exclude special items.
Sales for the quarter was $1.37 billion, down from $1.61 billion in the comparable quarter last year. Analysts expected the company to report revenue of $1.38 billion for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.