Goodrich Corp (GR) reported fourth quarter net income attributable to Goodrich of $105.0 million or $0.82 per share, compared to $168.7 million or $1.35 per share last year.
On average, 24 analysts polled by Thomson Reuters expected the company to report earnings of $0.90 per share. Analysts' estimates typically exclude special items.
Sales declined to $1.64 billion from $1.7 billion in the same quarter a year earlier.
Nineteen analysts estimated revenues of $1.65 billion.
Goodrich reaffirmed its outlook for 2010 net income per share and adjusted its outlook for sales and cash flow for the full year 2010.
The company said its initial full year 2010 sales expectations are for sales of approximately $7.1 billion, representing growth of about 6 - 7 percent compared to 2009. Earlier, the company's initial full year 2010 sales expectations were for sales of approximately $7.0 billion, representing growth of about 5 percent from the current outlook for 2009.
The outlook for 2010 income from continuing operations and net income per share is still for a range of $4.15 - $4.40.
Analysts expect the company to earn $4.41 per share, on revenues of $6.96 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.