Pall Corp. beats estimates

Pall Corp.'s (PLL) fiscal fourth-quarter profit slid 0.6 percent from a 2008 that CEO Eric Krasnoff called robust.

Pall Corp.'s fiscal fourth-quarter profit was hurt by what Krasnoff said was a "generally depressed" manufacturing landscape.

Pall Corp.'s fiscal fourth-quarter profit may be a sign of things to come, as Krasnoff expects the economy to remain weak in the first half of the new fiscal year.

Pall Corp. makes filtration and water-purification products. It makes about 66 percent of its revenue outside the country.

For the quarter ended July 31, Pall reported a profit of $69.5 million, down from $69.9 million a year earlier. Revenue dropped 9.9 percent, while expenses declined 10 percent.

Per-share earnings were 58 cents, compared with 57 a year earlier. Analysts were estimating 52 cents per share.