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Stock Market & Financial Investment News

News Breaks
December 5, 2012
05:55 EDTESL, ESLEsterline management to meet with Jefferies
Meeting to be held in New York on December 12 hosted by Jefferies.
News For ESL From The Last 14 Days
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December 12, 2014
09:52 EDTESLEsterline comments on T-6 modest positive for Textron, says Wells Fargo
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07:35 EDTESLEsterline about execution, not fundamentals, says Canaccord
Canaccord believes Esterline may be under pressure in the short term following its Q4 results, but the firm is convinced in the company's longer term opportunity because its story is about execution and not fundamentals. The firm feels the company's guidance is conservative and sees its three-to-five year targets as attainable. Canaccord reiterated its Buy rating and $138 price target on Esterline shares.
December 11, 2014
16:42 EDTESLBAE Systems proposes to acquire Eclipse Electronic Systems for $28M in cash
BAE Systems (BAESY) announced that it has entered into an agreement with Esterline (ESL) for the proposed acquisition of its wholly-owned subsidiary, Eclipse Electronic Systems, Inc., for cash consideration of approximately $28M, subject to closing adjustments. Eclipse Electronic Systems business employs approximately 90 people. The proposed acquisition is conditional upon receiving certain regulatory approvals. It is anticipated the proposed acquisition will be completed during the 1Q15.
16:07 EDTESLEsterline reports Q4 adjusted EPS $1.82, consensus $1.85
Reports Q4 revenue $548M, consensus $556.50M.

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