Goodrich Posts Profit, Cuts Outlook

Aircraft partsmaker Goodrich(GR Quote) reported an 8% jump in first-quarter earnings, beating Wall Street's estimates, but still trimmed its full-year outlook, citing a continuing lag in airplane equipment sales.

For the three-month period, profit reached $169.8 million, or $1.35 per share, up from $157.9 million, or $1.23 per share in the year-ago period. Analysts expected earnings of $1.07.

Goodrich benefited from a strong market for its defense and space products, which offset declines in the commercial aerospace markets, Marshall Larsen, chairman, president and chief executive, said in a statement. ...