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Woodward beats Street 4Q forecasts

FORT COLLINS, Colo. (AP) _ Woodward Inc. (WWD) on Wednesday reported fiscal fourth-quarter profit of $62.2 million.

On a per-share basis, the Fort Collins, Colorado-based company said it had net income of 98 cents.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The maker of cockpit controls and other equipment for the defense and aerospace markets posted revenue of $606.8 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $599.4 million.

Woodward expects full-year earnings to be $3.20 to $3.30 per share, with revenue in the range of $2.2 billion to $2.3 billion.

Woodward shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $77.27, a rise of 29 percent in the last 12 months.

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