Shares in Esterline Technologies rose to a new high after reporting a solid 9% Q2 earnings in September.
Esterline Technologies, which has a market cap of $1.77 billion, designs and manufactures engineered products and systems for the Aerospace and defense, industrial and commercial and medical markets primarily in the United States and Europe.
Revenue for the period was up 6% with earnings at $1.30. Esterline gross margin expanded to 34.3% from 32.4% from last year thanks to cost control measures and lower fixed costs on higher sales volume.