Fiscal net income for Precision Castparts rose 13% as demand for commercial airplane parts rose.
Fiscal net income for Precision Castparts rose 13% as demand for commercial airplane parts rose.
But results fell short of analysts’ expectations mostly because of the shutdown of a major facility in the three-month period that ended Sept. 30.
Precision — the only Fortune 500 company based in Oregon besides Nike — earned $332.7 million, or $2.29 a share, compared with $294.7 million, or $2.07 per share, a year earlier.
Read more at OregonLive.com.
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