Woodward, Inc. Q1 Profit Decreases, But Beats Estimates

(RTTNews) - 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