logo
Plus   Neg
Share
Email

Flir Systems Inc. Q1 adjusted earnings Beat Estimates

Flir Systems Inc. (FLIR) announced earnings for its first quarter that increased from last year.

The company's profit totaled $61.75 million, or $0.45 per share. This compares with $39.20 million, or $0.28 per share, in last year's first quarter.

Excluding items, Flir Systems Inc. reported adjusted earnings of $72.74 million or $0.53 per share for the period.

Analysts had expected the company to earn $0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.2% to $444.74 million from $439.62 million last year.

Flir Systems Inc. earnings at a glance:

-Earnings (Q1): $72.74 Mln. vs. $68.22 Mln. last year.
-EPS (Q1): $0.53 vs. $0.48 last year.
-Analysts Estimate: $0.49
-Revenue (Q1): $444.74 Mln vs. $439.62 Mln last year.

-Guidance:
Full year EPS guidance: $2.30 - $2.36
Full year revenue guidance: $1.92 - $1.95 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT