BWX: 3Q Earnings Snapshot
LYNCHBURG, Va. (AP) _ BWX Technologies Inc. (BWXT) on Tuesday reported third-quarter earnings of $77.9 million.
On a per-share basis, the Lynchburg, Virginia-based company said it had profit of 78 cents. Earnings, adjusted for non-recurring gains, came to 61 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The supplier of nuclear fuel and components to the U.S. government posted revenue of $425.5 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $464.1 million.
BWX expects full-year earnings in the range of $2.23 to $2.27 per share, with revenue expected to be $1.8 billion.
BWX shares have risen slightly since the beginning of the year.