Ducommun Inc. (DCO) said its third-quarter net income decreased to $6.19 million from $6.26 million last year. However, third-quarter 2009 earnings per share remained flat at $0.59. On average, 5 analysts polled by Thomson Reuters expected earnings per share of $0.52 for the quarter. Analysts' estimate typically excludes one-time items.
By contrary, total revenues for the third quarter increased to $109.90 million from $100.86 million in the comparable period, due to the December 2008 acquisition of DynaBil Industries, Inc. Three analysts estimated revenues of $111.12 million for the quarter. The company expects its full-year effective tax rate for 2009 to be around 30% - 32%.
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