Commercial airlines boost Precision Castparts

Commercial airlines boost Precision Castparts

Fiscal net income for Precision Castparts rose 13% as demand for commercial airplane parts rose.

But results fell short of analysts' expectations mostly because of the shutdown of a major facility in the three-month period that ended Sept. 30.

Precision -- the only Fortune 500 company based in Oregon besides Nike -- earned $332.7 million, or $2.29 a share, compared with $294.7 million, or $2.07 per share, a year earlier.

Read more at OregonLive.com.

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