Woodward, Inc. (WWD) announced earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $87.09 million, or $1.42 per share. This compares with $90.04 million, or $1.46 per share, last year.
Excluding items, Woodward, Inc. reported adjusted earnings of $82.57 million or $1.35 per share for the period.
Analysts on average had expected the company to earn $1.18 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.8% to $772.73 million from $786.73 million last year.
Woodward, Inc. earnings at a glance (GAAP) :
-Earnings: $87.09 Mln. vs. $90.04 Mln. last year.
-EPS: $1.42 vs. $1.46 last year.
-Revenue: $772.73 Mln vs. $786.73 Mln last year.
-Guidance:
Full year EPS guidance: $5.85 - $6.25
Full year revenue guidance: $3,300 - $3,500 Mln
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