Curtiss-Wright Q1 Profit Rises - Quick Facts

(RTTNews) - Curtiss-Wright Corp. (CW) reported that its first-quarter net earnings increased to $35 million, or $0.72 per share, from $21 million, or $0.44 per share, prior year.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.63 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 8% to $641 million from $593 million in 2013. The company said its sales growth was led by acquisitions and strength in the commercial markets. Analysts expected revenue of $623.45 million for the quarter.

The company continues to expect 2014 total sales of $2.65 billion to $2.70 billion. Curtiss-Wright now expects its earnings per share in the range of $3.35 to $3.45, compared to a prior guidance of $3.30 to $3.40. Analysts expect the company to report 2014 profit per share of $3.39 on revenue of $2.68 billion.