8.86%C 6.45 22.20%F 2.55 5.20%
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WELLINGTON, Fla. - B/E Aerospace Inc., which manufactures aircraft cabin interior products, said on Wednesday it expects its second-quarter earnings to beat Wall Street estimates.
The company also said it expects to report record quarterly bookings, backlog, revenue, operating earnings and net income.
B/E Aerospace is scheduled to report results for the quarter ended June 30 before the opening bell July 29.
Wall Street expects second-quarter earnings of 57 cents per share on $499.3 million in revenue, on average, on according to a poll of analysts by Thomson Financial.
In the second quarter last year, B/E Aerospace reported second-quarter earnings of 31 cents per share on $398.2 million. The results included a one-time charge of 8 cents per share.
B/E Aerospace also said it received regulatory approval for its acquisition of Honeywell International Inc.'s consumables solutions distribution business and expects the deal to close before the end of the third quarter.
Honeywell announced the $1.05 billion sale last month.
Major U.S. stock indexes slumped further south midday Monday, further extending this morning's hefty losses which erased last week's f...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
African Eagle Resources has raised its stake in the Mokambo joint venture to 87% and says 2008 drill results were "promising".
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