UPDATE 2-Ducommun Q1 profit beats Street view
* Q1 EPS $0.54 vs est EPS $0.40
* Revenue up 13 pct
* Shares rise 18 pct
(Recasts; adds conference call details, analyst comment, updates share movement)
By Biswarup Gooptu
BANGALORE, May 4 (Reuters) - Aircraft parts maker Ducommun Inc (DCO.N: Cotización) posted quarterly profit well above Wall Street estimates, helped by higher revenue from both its segments, sending its shares up 18 percent.
Quarterly revenue rose 13 percent to $111.4 percent. Military revenue made up 61 percent of the total, while commercial revenue accounted for 39 percent.
Jesup and Lamont analyst Alex Hamilton said with Ducommun's military business growing at a steady rate, its dependence on commercial projects, such as the Boeing (BA.N: Cotización) 787 Dreamliner, would lessen. The company supplies mechanical enclosures and wire harnesses for the aircraft.
"The bulk of their business is in military... So, they're not tied in to the Boeing 787 mess," said Hamilton, who has a "hold" rating on the stock. Continuación...