Plus   Neg

Flir Systems Inc. Q3 adjusted earnings Inline With Estimates

Flir Systems Inc. (FLIR) released a profit for its third quarter that rose from last year.

The company's earnings came in at $73.15 million, or $0.52 per share. This compares with $63.53 million, or $0.46 per share, in last year's third quarter.

Excluding items, Flir Systems Inc. reported adjusted earnings of $80.35 million or $0.57 per share for the period.

Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.4% to $434.90 million from $464.71 million last year.

Flir Systems Inc. earnings at a glance:

-Earnings (Q3): $80.35 Mln. vs. $72.73 Mln. last year.
-EPS (Q3): $0.57 vs. $0.52 last year.
-Analysts Estimate: $0.57
-Revenue (Q3): $434.90 Mln vs. $464.71 Mln last year.

Full year EPS guidance: $2.17 - $2.22
Full year revenue guidance: $1.78 - $1.80 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT