Curtiss-Wright Corp. Q1 Profit Drops 24%

(RTTNews) - Curtiss-Wright Corp. (CW) released earnings for first quarter that decreased compared to the same period last year.

The company said its profit came in at $32.82 million, or $0.73 per share. This was lower than $43.22 million, or $0.89 per share, in last year's first quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.8% to $503.51 million. This was down from $546.20 million last year.

Curtiss-Wright Corp. earnings at a glance:

-Earnings (Q1): $32.82 Mln. vs. $43.22 Mln. last year. -Earnings Decline (Y-o-Y): -24.1% -EPS (Q1): $0.73 vs. $0.89 last year. -EPS Decline (Y-o-Y): -18.0% -Analysts Estimate: $0.68 -Revenue (Q1): $503.51 Mln vs. $546.20 Mln last year. -Revenue Change (Y-o-Y): -7.8%

-Guidance: Full year EPS guidance: $4.00 - $4.15 Full year revenue guidance: $2.17 - $2.22 Bln