Woodward Governor Co.(WGOV) reported financial results for the first quarter, posting net earnings of $22.4 million or $0.32 per share, compared to $27.1 million or $0.39 per share in the prior year period.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.30 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter were $339.3 million, down from $344.7 million in last year period. Organic net sales for the quarter were $281.1 million, down from $344.7 million in the year-ago period.
Five Wall Street analysts expected revenues of $347.14 million for the quarter.
Looking forward, for the fiscal year 2010, the company still expects net sales in the range of $1.4 billion to $1.5 billion and earnings per share in the range of $1.40 to $1.60.
Street analysts expect earnings of $1.50 per share on revenues of $1.46 billion.
For comments and feedback: editorial@rttnews.com