Precision Castparts Q3 Profit Climbs - Quick Facts

(RTTNews) - Metal components and products maker Precision Castparts Corp. or "PCC" (PCP) reported higher third-quarter results, tempered by late-quarter customer schedule shifts and fewer shipping days in the quarter.

For the quarter, net income attributable to PCC advanced to $433 million, or $2.96 a share, from $338 million, or $2.30 a share, reported a year back. On average, 21 analysts polled by Thomson Reuters expected earnings per share of $3.04 for the quarter. Analysts' estimates typically exclude one-time items.

The firm clocked sales of $2.36 billion in the quarter, up 16 percent over the prior-year figure of $2.03 billion, reflecting some 1 percent organic growth, excluding the impact of contractual pass-through pricing and other changes in metal/revert pricing. Eighteen analysts estimated revenues of $2.46 billion for the period.