NEW YORK (TheStreet) -- Precision Castparts (PCP - Get Report) shares are down -5.9% to $235.26 on Thursday after missing analysts first quarter revenue estimates.
The company reported first quarter earnings from continuing operations of $3.35 per diluted share, in line with analysts estimates.
The company missed on revenues however, reporting sales of $2.53 billion, below analysts $2.6 billion estimates.
TheStreet Ratings team rates PRECISION CASTPARTS CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate PRECISION CASTPARTS CORP (PCP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
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