Sunday, April 13, 2008

Aerospace and Defense Stocks Slide As Market Sinks on GE 1st-Quarter Results and Forecast

NEW YORK (AP) -- Shares of aerospace and defense companies are falling in morning trading as General Electric's weak first-quarter results pressured the market.

GE reported less profit and less revenue than analysts expected, and it reduced its full-year profit forecast.

Here are the results from a few key stocks in the sector:

Precision Castparts Corp. shed $3.49, or 3.1 percent, to $110.12.

Honeywell International Inc. fell $1.01 to $57.79.

Goodrich Corp. declined $1.20, or 2 percent, to $58.57.

United Technologies Corp. fell $1.49, or 2.1 percent, to $70.36.

No comments: