B/E Aerospace Q1 Results Beat View; Again Lifts 2016 Outlook - Quick Facts

(RTTNews) - B/E Aerospace, Inc. (BEAV), a manufacturer of aircraft cabin interior products, reported first-quarter net earnings of $82.6 million or $0.81 per share, up from $77.6 million or $0.74 per share in the same period last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.79 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter increased 4 percent to $716.7 million from $690.0 million in the year-ago period. Analysts had a consensus revenue estimate of $698.02 million.

During the quarter, the company increased its quarterly dividend by 10 percent to $0.21 per share.

For fiscal 2016, B/E Aerospace again raised its financial guidance. The company now expects revenue growth of approximately 4 percent and earnings per share in a range of $3.20 to $3.25 per share. Earlier, the company expected revenues to increase about 3 percent from 2015 and net earnings to increase by about 6 percent to approximately $3.20 per share.

The Street expects the company to earn $3.23 per share for the year on revenues of $2.81 billion.