Flir Systems beats revenue estimates but misses on earnings per share
Flir Systems topped revenue estimates but missed earnings per share expectations when it reported first quarter 2016 earnings April 26.
Flir posted revenues of $379.5 million, trouncing analyst estimates of $357.8 million. That is also up from $344.5 million a year ago.
Earnings per share of 30 cents slightly missed analyst estimates of 32 cents per share, according to Zacks Investment Research. That is also down from earnings per share of 34 cents during the first quarter of 2015.
The Wilsonville, Ore.-based company is one of the largest manufacturers of infrared sensors in the world. The company has about 450 employees in Goleta and recently moved into a 170,000-square-foot space in the Cabrillo Business Park where it develops and manufactures the thermal imaging sensors used in the commercial, industrial and defense markets.
FLIR’s products are used for building inspection, preventative machinery maintenance, security systems and night vision, to name a few applications.
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