Esterline Q2 earnings rise,

iqukikofor.wordpress.com
million, or 85 cents per which compareswith $23.9 million, or 80 cents per dilutedx share a year earlier. Sales rose slightly to $359.6 million from $358 million in 2008. The Bellevue aerospac e company reduced its fiscal 2009 earnings per share guidance tobetween $3 and $3.29 per share, citing customers reducing theifr inventory levels, “which is a clear change from just thre months ago,” officials said. In a CEO Robert Cremin cited “potential timing issues with foreign shipmentes ofcountermeasure flares, declining business jet and spare parts demand, and the overall economid slowdown” for additional reasons to reducw fiscal year guidance.
Analysts polled by Thomson Reuters First Callexpected second-quarter earnings of 96 cents per sharse and sales of $371 million. For fiscal they expect earningsof $3.66 per share. Share in Esterline (NYSE: ESL) fell more than 6 percentt in Friday trading, dropping $1.90 to close at $27.34.