ESL: Esterline Technologies Corporation Instablogs

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Thursday, March 28, 2:24 PM DOD awards $68M in contracts Wednesday: L-3 Communications (LLL +0.7%) gets $8.4M deal for enterprise service support; Boeing (BA -0.7%) wins $12.1M for laser warning system upgrades; Northrop Grumman (NOC -0.1%) lands $24.4M contract extension; Esterline Tech (ESL) wins $22.8M deal for infrared flares. Comment!
Thursday, February 28, 5:02 PM Esterline Techs (ESL): FQ1 EPS of $0.80 beats by $0.20. Revenue of $458M misses by $9.07M. (PR) Comment! [Earnings, Breaking News]
Thursday, December 6, 2012, 4:05 PM Esterline Technologies (ESL): FQ4 EPS of $1.97 beats by $0.37. Revenue of $530.7M (+6% Y/Y) beats by $7M. (PR) Comment! [Earnings]
Tuesday, December 4, 2012, 5:54 PM After-hours top gainers, as of 5:15 p.m.: AVAV +10%. AMRS +7%. STMP +5%. ESL +4%. CTSH +4%.
After-hours top losers: MFRM -22%. MIND -21%. P -18%. TIBX -13%. OXM -12%. Comment! [On the Move]
Thursday, August 30, 2012, 6:19 PM More on Esterline (ESL): Q2 misses slightly as net profit swings to a loss due to a writedown of a subsidiary business, though total revenue increased. The company boosts current quarter estimates to between $1.60 and $1.70 a share. Street estimates are projected at $1.59 a share. Shares +2% AH. Comment! [Earnings, On the Move]
Thursday, August 30, 2012, 4:02 PM Esterline Technologies (ESL): FQ3 EPS of $1.12 misses by $0.01. Revenue of $485.9M misses by $2M. Shares -1.8% AH. (PR) Comment! [Earnings, On the Move]
Monday, August 6, 2012, 4:31 PM Esterline (ESL) releases its preliminary Q3 results, saying it expects to record a $52M impairment charge against goodwill for its Racal Acoustics defense business. The charge will impact Q3 EPS by $1.67 per share. Other transitory issues are also expected to impact earnings. It now sees FY12 EPS coming in between $4.87 - $5.00, below Street estimates of $5.16. Q4 is also expected to be below consensus at $1.60 - $1.70 per share versus the $1.70 Wall Street estimated. Shares -2% AH. Comment! [Earnings, On the Move]
Thursday, May 31, 2012, 4:11 PM Esterline Technologies (ESL): FQ2 EPS of $1.29 misses by $0.02. Revenue of $504.8M (+16% Y/Y) misses by $6M. Shares -0.9% AH. (PR) Comment! [Earnings]
Thursday, May 24, 2012, 5:53 PM Relational Investors, owner of a 6.6% stake in aerospace manufacturer Esterline (ESL +3.9%), plans to push for a sale of the company, an SEC filing says. Relational objects to ESL's poor use of capital, overpaying for acquisitions, and “inadequate disclosure and communications with analysts and institutional investors." Comment! [M&A]
Monday, April 16, 2012, 2:50 PM Defense/aerospace hardware vendor Esterline Technologies (ESL +2.7%) rallies on an upgrade to Outperform from Credit Suisse. CS argues contract timing issues that have plagued Esterline will dissipate in 2H, and the company will get a lift from new contract opportunities related to aircraft programs, as well as margin improvement. (previous) Comment! [On the Move, Quick Ideas]
Friday, March 23, 2012, 2:26 PM Esterline Technologies (ESL +8.8%) shares jump after the Daily Mail speculates the company may be a takeover target for BAE Systems (BAESY.PK), Boeing (BA) or Lockheed Martin (LMT), and that one of them is about to begin a bid of more than $95/share. ESL is a parts supplier for the aerospace and defense industry, and is considered among the most undervalued stocks in the sector. Comment! [Tech, M&A, On the Move]
Friday, March 2, 2012, 10:58 AM Esterline Technologies (ESL +8.2%) trades higher despite posting a mixed FQ1 late yesterday. Revenue rose 27% Y/Y, masking a drop in net profit as costs from a recently acquired business offset stronger sales from the company's commercial aerospace business. The company also raised its full-year earnings guidance, saying the aerospace sector continues to benefit from robust demand. It now expects to earn between $5.10 - 5.40 per share. Comment! [Earnings, On the Move]
Thursday, March 1, 2012, 4:20 PM Esterline Technologies (ESL): FQ1 EPS of $0.98 may not be comparable to consensus of $0.62. Revenue of $471M (+27% Y/Y) misses by $5M. Shares +1.3% AH. (PR) Comment! [Earnings, On the Move]
Thursday, March 1, 2012, 12:10 AM Notable earnings after Thursday's close: ASNA, ESL, FL, NGD, WPRT Comment! [Earnings]
Wednesday, February 29, 2012, 5:35 PM Notable earnings after Thursday's close: ASNA, ESL, FL, NGD, WPRT Comment! [Earnings]
Friday, December 9, 2011, 8:59 AM Shares of Esterline Technologies (ESL) trade 1% higher premarket after Wells Fargo fires up an upgrade to Outperform from Market Perform. Though analysts with the firm lower their FY12 EPS estimate to $5.20 from $5.60, they say the risk/reward tradeoff for ESL is more favorable now. Comment! [Tech, On the Move]

ESL Esterline Technologies Corporation

ESL

Esterline Technologies Corporation