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August 7, 2014
05:33 EDTESLEsterline upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Esterline Technologies to Buy citing the recent pullback in shares and its belief consensus estimates are too low. The firm raised its price target for shares to $140 from $111. Goldman views Esterline as the best turnaround story in Aerospace & Defense.
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September 4, 2014
16:18 EDTESLEsterline sees Q4 after-tax write-down of $55M-$75M
Esterline said that beginning in Q4,the Eclipse Electronic Systems, Pacific Aerospace & Electronics, and Wallop Defence Systems businesses will be reported as discontinued operations. At that time, based on the allocation of goodwill, the company expects to record a non-cash, after-tax write-down on discontinued operations of between $55M-$75M.
16:16 EDTESLEsterline says moving forward with divestiture of three units
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16:14 EDTESLEsterline reaffirms 2014 EPS outlook $5.40-$5.70, consensus $5.63
Esterline said, "Excluding integration costs and specific incremental compliance program expenses, ...our guidance remains unchanged at $5.40 to $5.70 per share. However, excluding these discontinued operations, our full-year adjusted earnings from continuing operations are now expected to be within a range of $5.70 to $6.00 per diluted share."
16:13 EDTESLEsterline reports Q3 EPS ex-items $1.38, consensus $1.40
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15:23 EDTESLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $1.90; Esterline Technologies (ESL), consensus $1.40; Verint Systems (VRNT), consensus 60c; Finisar (FNSR), consensus 32c; Zumiez (ZUMZ), consensus 23c; SeaChange (SEAC), consensus (18c); Ambarella (AMBA), consensus 28c; Infoblox (BLOX), consensus 1c.

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