ESCO Technologies Earnings: Here’s Why the Stock is Rising Now
ESCO Technologies Inc. (NYSE:ESE) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.72%.
ESCO Technologies Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 26.32% to $0.28 in the quarter versus EPS of $0.38 in the year-earlier quarter.
Revenue: Decreased 4.41% to $166.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ESCO Technologies Inc. reported adjusted EPS income of $0.28 per share. By that measure, the company missed the mean analyst estimate of $0.34. It missed the average revenue estimate of $170.47 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…