Pall (PLL) Misses Wall Street's Estimates, Shares Fall 4%

Shares of Pall Corporation (NYSE: PLL) fell 4% in after hours trading, after the filtration products manufacturer failed to meet Wall Street expectations.

Pall Corporation reported that earnings for its fiscal 2nd quarter climbed 28% to $49.6 million, or 42 cents per share, up from $38.9 million or 33 cents per share a year earlier. Positive foreign exchange conversions accounted for 4 cents per share of the recent quarter's earnings.

Pall Corporation's sales were up 3.1% to $560.4 million.

Although the results were positive on their own, they fell well below analyst expectations.

According to a poll of analysts by Thomson Reuters, the average analyst estimate was for earnings of 47 cents per share, on $589 million in revenue.