Teledyne Technologies Inc. beat Wall Street estimates on earnings and revenue for the second quarter.

The Thousand Oaks aerospace, marine and energy products manufacturer on Thursday reported net income of $85.9 million ($2.32 a share) on revenue of $733 million in the quarter ended July 1. That compares to net income of $60.1 million ($1.66 cents) in the same period a year earlier.

Analysts on average expected earnings of $1.88 on revenue of $705 million, according to Thomson Financial Network.

Chief Executive Robert Mehrabian called the quarterly results the best in the company’s history.

“Organic growth of 8.3 percent was driven by broad-based growth across our imaging and instrumentation businesses,” Mehrabian said in a statement. “Orders also remained healthy with an overall book to bill greater than 1.1 times due in part to strong defense and space-related contract awards.”

Shares in Teledyne (TDY) closed Thursday up $7.90, or more than 3 percent, to $226.78 on the New York Stock Exchange.


BlackLine Inc. topped Wall Street estimates on adjusted earnings and revenue in the second quarter.

The Woodland Hills accounting software developer reported on Thursday adjusted net income of $485,000 (1 cent a share) on revenue of $55.5 million for the quarter ending June 30. That compares with an adjusted net loss of $368,000 (-1 cent) in the same period a year earlier.

Analysts on average expected an earnings loss of -1 cent on revenue of $53.7 million, according to Thomson Financial Network.

The quarterly results were released after the market closed. Shares in BlackLine (BL) closed up $2.26 cents, or more than 5 percent, to $45.54 on the Nasdaq.


Wesco Aircraft Holdings Inc. came out ahead of Wall Street estimates on adjusted earnings and revenue in the fiscal third quarter.

The Valencia aircraft parts supplier reported on Thursday an adjusted net income of $20.1 million (20 cents a share) on revenue of $410 million for the quarter ending June 30. That compares to adjusted net income of $10 million (10 cents) in the same period a year earlier.

Analysts on average expected earnings of 2 cents on revenue of $385 million, according to Thomson Financial Network.

The results were released after the market closed. Shares in Wesco (WAIR) closed unchanged at $11.95 on the New York Stock Exchange.