BE Aerospace Q2 increases
Written on July 29, 2010
B/E Aerospace reported net earnings of $37.3 million, or 37 cents a share, for the second quarter ended June 30. That’s up 7 percent from $34.7 million, or 35 cents a share, in the prior-year period.
The Wellington-based manufacturer of aircraft interiors and parts (NASDAQ: BEAV) said revenue for the quarter was $483.9 million, up 1.9 percent from $474.8 million a year ago.
“Our second quarter earnings growth was driven by significant margin expansion at both our consumables management segment and our commercial aircraft segment,” Chairman and CEO Amin Khoury said in a news release payday loan.
The company raised full-year earnings guidance by 5 cents a share to approximately $1.50. It projected revenue of $1.94 billion.
The company met analysts’ expectations for earnings, but exceeded expectations for revenue. Analysts polled by Yahoo Finance expected earnings a share of 37 cents on revenue of $476.55 million.Shares closed Monday at $30.29. The 52-week high was $31.30 on April 26. The 52-week low was $13.94 on July 29, 2009.
Filed in: term.