Esterline Technologies Corp. (ESL) reported first quarter net income from continuing operations of $0.73 per share after the bell Thursday, down from $0.97 per share in the prior year. The consensus estimate was for EPS of $0.46. The company now expects to report full year 2012 EPS between $5.10 and $5.40, compared to the consensus estimate of $5.14.
Esterline Technologies gapped up sharply Friday and rose in early trade, before settling into a range. Shares finished up by 4.69 at $68.87 on strong volume. The stock broke out of a one-month range and closed at a 6-month high.
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