B/E Aerospace Reports Better-Than-Expected Q1 Results, Lifts Earnings Forecast

B/E Aerospace Inc BEAV reported a 49% surge in its Q1 earnings. BEAV reported its Q1 profit at $50.3 million, or $0.49 per share, up from $33.8 million, or $0.34 per share, in the year-ago quarter. The company's revenue surged to $600.2 million from $463.5 million. However, analysts were expecting earnings of $0.46 per share on revenue of $571.7 million. The order backlog came in at $6 billion. B/E Aerospace raised its full-year 2011 earnings forecast by $0.05 per share to $2 per share, versus analysts' estimates of $2.01 per share. BEAV shares fell 0.75% to close at $37.26 on Thursday. Read more from Benzinga's Company news.