UPDATE: B/E Aerospace Posts Upbeat Q1 Profit
B/E Aerospace Inc (NASDAQ: BEAV) reported a 37% rise in its first-quarter profit.
B/E Aerospace's quarterly profit surged to $68.8 million, or $0.67 per share, from $50.3 million, or $0.49 per share, in the year-ago period. Excluding items, B/E Aerospace earned $0.70 per share. Its revenue surged 25% to $747.3 million. However, analysts were expecting earnings of $0.62 per share on revenue of $702 million.
B/E Aerospace's operating margin climbed to 17.4% from 16.7%.
B/E Aerospace's commercial aircraft unit posted a 33% surged in its operating profit.
B/E Aerospace shares closed at $44.80 on Friday.
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