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DAILY EARNINGS

Astronics, D.R. Horton Profit Surge; Aecom, Rockwell Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 11:45 AM ET November 10 2015

12:30 AM New York Aecom fourth-quarter net tumbled 98% to $1 million. Astronics third-quarter net soared 45% to $25 million. D.R. Horton fourth-quarter net surged 44% to $239 million. Rockwell fourth-quarter net tumbled 19% to $201 million. Sunedison third-quarter net loss widened to $284 million.

Tollbooth Index slid 13.95 to 10,984.80.

Earnings Review

Aecom (ACM), the architectural and engineering services provider said total revenues in the fourth-quarter ending in September advanced 84% from a year ago to $4.72 billion.

Net income in the quarter tumbled 98% to $1 million or 1 cent per diluted share compared to $64 million or 64 cents per share from the same quarter last year.

Astronics Corporation (ATRO), the aerospace, defense, consumer electronics products maker stated revenues in the third-quarter ending in September jumped 11.5% from a year ago to $200.1 million.

Net income in the quarter soared 44.6% to $24.7 million or 42 cents per diluted share compared to $17.1 million or 31 cents per share from the same quarter last year.

The company estimated sales for the year between $690 million and $705 million, and revenue in aerospace segment in the range of $553 million to $564 million and the revenues in test systems segment forecasted in the range of $118 million to $134 million.

D.R. Horton, Inc (DHI), the homebuilder said total revenues in the fourth-quarter ending in September soared 28% from a year ago to $3.1 billion.

Net income in the quarter surged 43.7% to $238.9 million or 64 cents per diluted share compared to $166.3 million or 45 cents per share from the same quarter last year.

Rockwell Automation (ROK), the industrial automation products maker reported total revenues in the fourth-quarter ending in September declined 9.8% from a year ago to $1.61 billion.

Net income in the quarter plunged 19.1% to $201.3 million or $1.50 per diluted share compared to $248.7 million or $1.79 per share from the same quarter last year.

The company forecasted sales for the fiscal 2016 of about $6 billion and earnings per share in the range of $5.90 to $6.40.

As of September 30, the company had total shares buy back of up to 5.4 million at a cost of $606.2 million.

Sunedison Inc (SUNE), the photovoltaic energy solution developer said net sales in the third-quarter ending in September rose 1.5% from a year ago to $476 million.

Net loss in the quarter widened to $284 million or 91 cents per diluted share compared to $283 million or $1.06 per share from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc