Wedbush Revises Goodrich Estimates

Wedbush is revising its estimates on Goodrich Corp. (NYSE: GR).

“We are revising our estimates to reflect the company's announced closure of the Marble Avenue landing gear facility in Cleveland, Ohio,” Wedbush writes. “The company stated that it will be taking a $39 million pre-tax charge ($0.18 in EPS) spread over the next several quarters as the company winds down the facility. Some 40% of the $39 pre-tax charge will be non-cash.”

Goodrich closed Wednesday at $85.78.