Woodward (WWD) Reports Q1 EPS of $0.29, Miss on Revenues; Offers FY18 EPS/Revenue Mid-Point Guidance Above Consensus

Woodward (NASDAQ: WWD) reported Q1 EPS of $0.29, versus $0.62 reported last year. Revenue for the quarter came in at $470.14 million versus the consensus estimate of $471.42 million.

Outlook

For fiscal year 2018, net sales are still expected to be between $2.2 billion to $2.3 billion. Earnings per share are now expected to be between $3.35 and $3.60, reflecting the anticipated effects of the change in U.S. tax legislation.

GUIDANCE:

Woodward sees FY2018 EPS of $3.35-$3.60, versus the consensus of $3.40. Woodward sees FY2018 revenue of $2.2-2.3 billion, versus the consensus of $2.23 billion.

For earnings history and earnings-related data on Woodward (WWD) click here.

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