Pall Corp. (NYSE:PLL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Pall Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 8.96% to $0.73 in the quarter versus EPS of $0.67 in the year-earlier quarter.
Revenue: Decreased 5.09% to $662.46 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pall Corp. reported adjusted EPS income of $0.73 per share. By that measure, the company beat the mean analyst estimate of $0.67. It beat the average revenue estimate of $635.29 million.
Quoting Management: Larry Kingsley, Pall President and CEO, said, “Life Sciences continued to perform well, with all three markets achieving solid sales growth. BioPharmaceuticals in particular had a strong quarter. The Industrial segment continues to face the headwinds that we characterized last quarter. Some end markets are down year-over-year and others are flat. The exception in the segment is Aerospace, which grew double digits in the quarter.”
Key Stats (on next page)…