Business

July 24, 2012

BE Aerospace second quarter profit rises, forecast disappoints

BE Aerospace Inc. said July 24 that second-quarter profit rose 30 percent on stronger demand for new aircraft, but the maker of cabin interiors for airliners predicted lower-than-expected full-year earnings.

The company said that excluding special items it will earn about $2.75 per share on revenue of $3 billion this year. Analysts were expecting $2.81 per share on revenue of $3.04 billion.

BE said net income was $71.2 million, or 69 cents per share, compared with $54.8 million, or 54 cents per share, a year earlier. Without acquisition costs and other items, the company said it would have earned 72 cents per share.

Revenue climbed 26 percent to $768.1 million.

Analysts surveyed by FactSet expected earnings of 68 cents per share on revenue of $752.3 million.

BE said its revenue was rising on a pickup in deliveries of new aircraft, offsetting weaker demand for refurbishing work. Manufacturers such as Boeing and Airbus have reported major orders of new planes as airlines seek to refresh their fleets with more fuel-efficient aircraft. AP

 

 




All of this week's top headlines to your email every Friday.


 
 

 

Headlines May 29, 2015

News: U.S. Army chief opens door to embedding U.S. troops with Iraqi forcesĀ - After the fall of Ramadi, the Iraqi Security Forces need military and political leadership, Gen. Raymond Odierno says.   Business: No acquisition strategy yet for LCS frigatesĀ - Details of the new Littoral Combat Ship frigate program’s acquisition strategy are still being reviewed,...
 
 

News Briefs May 29, 2015

Finnish navy: Underwater intruder possible foreign submarine Finnish military officials say that an underwater object the navy chased last month in territorial waters and dropped several depth charges could have been a foreign submarine. A navy investigation released May 28 says that technical analysis did not provide sufficient proof of the presence of a submarine...
 
 
Lockheed Martin photograph by Chad Bellay

F-16 test pilots hit the ‘road’ to help train USAFE pilots

Air Force photograph by Airman 1st Class Kyla Gifford Three F-16s assigned to Spangdahlem Air Base, Germany, on a refueling mission last year. Two F-16 test pilots from the 416th Flight Test Squadron recently returned from a &#...
 

 
Navy photograph

Its reign in the fleet over, naval Sea King helicopter now rests at Pax Museum

Navy photograph At more than 54 feet in length with a 62-foot rotor diameter, the mighty SH-3A Sea King helicopter sits in its final spot at the Patuxent River Naval Air Museum. Designed as an anti-submarine warfare helicopter,...
 
 
boeing-korea

New Boeing Avionics Facility to enhance ROKAF readiness, affordability

Boeing formally opened a new avionics maintenance and repair center in the Yeongcheon Industry District of Daegu-Gyeongbuk Free Economic Zone May 28. The 10,000 square-foot facility will test and repair aircraft electrical syst...
 
 
Navy photograph by John F. Williams

ONR testing high-speed planing hulls

Navy photograph by John F. Williams A ship hull model attached to a high-speed sled moves through waves at the David Taylor Model Basin at Naval Surface Warfare Center, Carderock, during Office of Naval Research -sponsored rese...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>