FORT COLLINS, Colo. (AP) — FORT COLLINS, Colo. (AP) — Woodward Inc. (WWD) on Monday reported fiscal first-quarter earnings of $87.1 million.
The Fort Collins, Colorado-based company said it had net income of $1.42 per share. Earnings, adjusted for non-recurring gains, came to $1.35 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The maker of cockpit controls and other equipment for the defense and aerospace markets posted revenue of $772.7 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $778.5 million.
Woodward expects full-year earnings in the range of $5.85 to $6.25 per share, with revenue in the range of $3.3 billion to $3.5 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
