Woodward Q3 Profit Down - Quick Facts

(RTTNews) - Woodward, Inc. (WWD) Thursday reported third-quarter profit of $23.7 million or $0.34 per share, down from $28.30 million or $0.40 per share in the same period last year.

Adjusted earnings for the quarter was $0.51 per share. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Sales improved 5 percent to $483.8 million from $460.2 million last year. Analysts expected revenues of $492.57 million.

For the fiscal year 2013, the company currently projects earnings in the range of $2.05 to $2.10 per share, with sales between $1.90 billion and $1.95 billion.

The company earlier expected earnings in the range of $2.22 to $2.35 per share, with revenues in the order of $1.9 billion to $2.0 billion. Analysts currently expect the company to report full-year earnings of $2.24 per share on revenues of $1.94 billion.