Esterline Technologies Corp. (ESL) Thursday reported second-quarter net earnings attributable to Esterline of $35.5 million or $1.12 per share, compared to $45.2 million or $1.44 per share in the same quarter last year.
On average, eleven analysts polled by Thomson Reuters expected the company to earn $1.25 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter dropped to $499.56 million, from $504.83 million in the prior year, while ten analysts expected revenues of $509.57 million.
For the full year 2013, the company updated its guidance and expects per share earnings in the range of $5.30 and $5.50 on revenues of about $2.0 billion. Analysts, based on consensus, currently expect the company to report full-year earnings of $5.58 per share on revenues of $2.07 billion.
Earlier, the company expected earnings in the range of $5.45 to $5.80 per share and revenues in the $2.1 billion range.
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