(Company corrects quarterly GAAP loss figure to reflect errors related to the accounting for the divestiture of company’s Reliability Services business) CIRCOR International Inc:
* CIRCOR REPORTS FIRST-QUARTER 2019 FINANCIAL RESULTS
* Q1 ADJUSTED EARNINGS PER SHARE $0.38
* Q1 GAAP LOSS PER SHARE $0.23
* Q1 REVENUE $270 MILLION VERSUS REFINITIV IBES ESTIMATE OF $257.2 MILLION
* Q1 EARNINGS PER SHARE ESTIMATE $0.38 -- REFINITIV IBES DATA
* SEES Q2 2019 ADJUSTED EARNINGS PER SHARE $0.40 TO $0.48 EXCLUDING ITEMS
* SEES Q2 2019 GAAP LOSS PER SHARE $0.03 TO $0.13
* SEES Q2 2019 REVENUE $270 MILLION TO $280 MILLION
* Q2 EARNINGS PER SHARE VIEW $0.54, REVENUE VIEW $284.0 MILLION -- REFINITIV IBES DATA
* “ANTICIPATE IMPROVING RESULTS THROUGH YEAR”
* REDUCED DEBT BY $53 MILLION IN Q1
* “EXPECT STRONG FREE CASH FLOW FOR YEAR AND WE CONTINUE TO EVALUATE SALE OF NON-CORE BUSINESSES”
* EXPECT STRONG FREE CASH FLOW FOR YEAR Source text for Eikon: Further company coverage:
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