FORT COLLINS, Colo. (AP) — FORT COLLINS, Colo. (AP) — Woodward Inc. (WWD) on Monday reported fiscal fourth-quarter earnings of $137.6 million.
The Fort Collins, Colorado-based company said it had net income of $2.23 per share. Earnings, adjusted for non-recurring gains, were $2.09 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The maker of cockpit controls and other equipment for the defense and aerospace markets posted revenue of $995.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $935.8 million.
For the year, the company reported profit of $442.1 million, or $7.19 per share. Revenue was reported as $3.57 billion.
Woodward expects full-year earnings to be $7.50 to $8 per share.
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