Curtiss-Wright: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

DAVIDSON, N.C. (AP) _ Curtiss-Wright Corp. (CW) on Wednesday reported fourth-quarter earnings of $54 million.

The Davidson, North Carolina-based company said it had net income of $1.30 per share. Earnings, adjusted for non-recurring costs, were $2.39 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.

The engineering firm posted revenue of $668.4 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $672.1 million.

For the year, the company reported profit of $201.4 million, or $4.80 per share. Revenue was reported as $2.39 billion.

Curtiss-Wright expects full-year earnings in the range of $7 to $7.20 per share, with revenue in the range of $2.49 billion to $2.54 billion.

Curtiss-Wright shares have risen nearly 3% since the beginning of the year. The stock has dropped 15% 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 CW at https://www.zacks.com/ap/CW