February 8, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Esterline Technologies Corporation (NYSE:ESL) shares over potential securities laws violations by Esterline Technologies and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Esterline Technologies Corporation (NYSE:ESL) concerning whether a series of statements by Esterline Technologies regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Esterline Technologies Corporation reported that its Total Revenue declined from over $2.51 billion for the 12 months period that ended on October 31, 2014 to over $1.77 billion for the 11 months period that ended on October 2, 2015 and that its Net Income for those respective time frames declind from $166.01 million to $96.67 million.

On February 2, 2016, Est Esterline Technologies Corporation (NYSE:ESL) reported results for the first fiscal quarter, ended January 1, 2016 and updated its guidance for its fiscal year 2016.

Shares of Esterline Technologies Corporation (NYSE:ESL) declined to as low as $45.12 per share on February 5, 2016.