Tuesday, July 24, 2007

Precision Castparts profit rises on acquisitions

(Reuters) - NEW YORK, July 24 - Precision Castparts Corp. said on Monday quarterly profit nearly doubled, boosted by acquisitions and strong demand for its metal aerospace and industrial components.



The company, which makes engine parts and fasteners for planemakers Boeing Co. and the Airbus unit of EADS , reported a profit of $226.4 million, or $1.62 per share, for its fiscal first quarter. That compared with $115.1 million, or 84 cents per share, in the year-earlier quarter.


Read more at Reuters.com Market News

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