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Woodward: Fiscal 3Q Earnings Snapshot

August 5, 2019

FORT COLLINS, Colo. (AP) _ Woodward Inc. (WWD) on Monday reported fiscal third-quarter profit of $66.1 million.

On a per-share basis, the Fort Collins, Colorado-based company said it had profit of $1.02. Earnings, adjusted for non-recurring costs, came to $1.30 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The maker of cockpit controls and other equipment for the defense and aerospace markets posted revenue of $752 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $699.8 million.

Woodward expects full-year revenue of $2.9 billion.

Woodward shares have climbed 44% since the beginning of the year. In the final minutes of trading on Monday, shares hit $106.94, an increase of 37% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WWD at https://www.zacks.com/ap/WWD

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