BE Aerospace (Nasdaq: BEAV) reported earnings on April 23. Here are the numbers you need to know. <\/p>\n
The 10-second takeawayFor the quarter ended March 31 (Q1), BE Aerospace beat expectations on revenues and beat expectations on earnings per share. <\/p>\n
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased significantly. <\/p>\n
Margins grew across the board. <\/p>\n
Revenue detailsBE Aerospace reported revenue of $747.3 million. The 16 analysts polled by S&P Capital IQ anticipated a top line of $703.3 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $600.2 million. <\/p>\n
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates. <\/p>\n
EPS detailsEPS came in at $0.67. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.62 per share. GAAP EPS of $0.67 for Q1 were 37% higher than the prior-year quarter's $0.49 per share. <\/p>\n
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates. <\/p>\n
Margin detailsFor the quarter, gross margin was 37.9%, 80 basis points better than the prior-year quarter. Operating margin was 17.4%, 70 basis points better than the prior-year quarter. Net margin was 9.2%, 80 basis points better than the prior-year quarter. <\/p>\n
Looking aheadNext quarter's average estimate for revenue is $732.8 million. On the bottom line, the average EPS estimate is $0.67. <\/p>\n<\/p>\n
Visit link:<\/p>\n
BE Aerospace Beats on Both Top and Bottom Lines<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" BE Aerospace (Nasdaq: BEAV) reported earnings on April 23. Here are the numbers you need to know Continue reading