ESCO Technologies Inc. (ESE) posted first quarter net income of $0.43 million or $0.02 per share, compared to $5.8 million or $0.22 per share in the previous year period.
On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter were $112.7 million, compared to $147.3 million in the prior year quarter. Ten Wall Street analysts expected revenues of $122.32 million.
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