ESCO Technologies Inc. (ESE) announced fourth quarter EPS of $0.82 after the close Thursday, down from the $0.93 in the prior year period. The consensus estimate was for EPS of $0.77. Revenues declined to $169.4 million, from $192.5 million last year.
ESCO Technologies Inc. gapped down sharply Friday, but was range-bound throughout the session. Shares closed down by 4.09 at $33.27, with volume at an 8 month high. The stock dropped below a 3-month range and set an 8-month low.
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