Pall Pops on Top/Bottom Line Beat
Shares of Pall (NYSE: PLL) are trading higher in the after-hours following the release of the company's Q1 earnings results. Currently, shares are bid $53.70, at $58.00; they ended the regular session lower by 2.56%, at $52.50.
The Pall reported Q1 EPS of $0.74 on revenues of $705.6 million; the Street was looking for $0.65 per share on revenues of $648.01 million. Revenues increased 16.5% year over year.
Larry Kingsley, CEO and president, said, "We are encouraged by the strength of orders in the quarter, an indication of continued growth in a mixed environment. Orders in all three global regions grew double digits. Importantly, we saw continued commitment to capital spending with systems orders up over 25% in both businesses, including Europe's growth of systems orders of over 50%.”
Pall Corporation, along with its subsidiaries, is a supplier of filtration, separation and purification technologies, principally made by the company using its engineering capability and fluid management, filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a variety of liquids and gases.
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