UPDATE 1-Ducommun posts strong Q3 earnings, shares rise

lunes 29 de octubre de 2007 20:55 CET

(Adds details, share movement)

Oct 29 (Reuters) - Ducommun Inc (DCO.N: Cotización), which makes parts for commercial and military aircraft, posted quarterly profit above analysts' expectations, helped by a 42 percent jump in commercial sales, sending shares to a year-high.

Shares of the company, which also manufactures components for unmanned launch vehicles and satellites, were up more than 5 percent at $39.01 in afternoon trade on the New York Stock Exchange. They had touched a year-high of $40.81 earlier.

For the third quarter, the company posted earnings of $5.8 million, or 55 cents a share, compared with $4.1 million, or 40 cents a share, in the year-ago period. Sales rose 16 percent to $94.7 million.

Commercial sales, which accounted for 38 percent of total sales, stood at $36 million compared with $25.3 million a year ago.

Military sales, which accounted for about 60 percent of the company's total sales, rose about 5 percent for the quarter.

Commercial sales were helped by the Boeing 737NG and Boeing 777 program sales, the company said in a conference call.

Ducommun's customers include the world's biggest selling jet-maker Boeing Co (BA.N: Cotización) and Raytheon Co (RTN.N: Cotización).

Boeing accounted for about 39 percent of Ducommun's 2006 total sales. (Reporting by Shamik Paul in Bangalore)