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Curtiss-Wright Q1 Profit Rises

Curtiss-Wright Corp. (CW: Quote) Tuesday reported first-quarter net earnings of $41.3 million or $0.87 per share, compared to $24.5 million or $0.52 per share last year.

Earnings from continuing operations for the quarter was $19.8 million or $0.42 per share, compared to $23.0 million or $0.49 per share last year.

On average, eight analysts polled by Thomson Reuters expected earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net sales for the quarter grew 10.8 percent to $501.7 million from 452.9 million last year. Analysts estimated revenues of $495.59 million for the quarter.

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by RTT Staff Writer

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