Woodward Governor Co (WGOV) reported that its fourth-quarter net income decreased to $23.82 million or $0.34 per share from $34.43 million or $0.50 per share last year. Adjusted earnings per share was $0.34.
On average, 6 analysts polled by Thomson Reuters expected the company to report profit of $0.33 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $364.53 million from $350.54 million last year. Analysts expected revenue of $381.47 million for the quarter.
Fiscal 2009 net income decreased to $94.35 million or $1.37 per share from $121.88 million or $1.75 per share last year. Adjusted earnings per share was $1.57. Net sales increased to $1.43 billion from $1.26 billion last year.
The company expects fiscal 2010 sales to be between $1.4 billion and $1.5 billion and earnings per share to be between $1.40 and $1.60.
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