Woodward (WWD) Tops Q4 EPS by 2c, Offers FY16 Guidance

Woodward (NASDAQ: WWD) reported Q4 EPS of $0.77, $0.02 better than the analyst estimate of $0.75. Revenue for the quarter came in at $562.6 million versus the consensus estimate of $540.48 million.

Woodward sees FY2016 EPS of $2.75-$2.95, versus the consensus of $3.04.

We anticipate continued growth in Aerospace tempered by challenges in our Energy segment resulting from ongoing economic uncertainty in Asia. As a result, we expect net sales for fiscal 2016 to increase one to two percent over fiscal 2015.

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