FORT COLLINS, Colo. (AP) — FORT COLLINS, Colo. (AP) — Woodward Inc. (WWD) on Monday reported fiscal second-quarter profit of $97.6 million.
The Fort Collins, Colorado-based company said it had profit of $1.56 per share. Earnings, adjusted for non-recurring costs, were $1.62 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The maker of cockpit controls and other equipment for the defense and aerospace markets posted revenue of $835.3 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $802.4 million.
Woodward expects full-year earnings in the range of $5 to $5.40 per share, with revenue in the range of $3.15 billion to $3.3 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WWD at https://www.zacks.com/ap/WWD
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
