U.S. Markets open in 2 hrs 1 min

BWX: 1Q Earnings Snapshot

LYNCHBURG, Va. (AP) _ BWX Technologies Inc. (BWXT) on Wednesday reported first-quarter profit of $49 million.

The Lynchburg, Virginia-based company said it had profit of 51 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The supplier of nuclear fuel and components to the U.S. government posted revenue of $416.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $465.1 million.

BWX expects full-year earnings to be $2.50 per share.

BWX shares have risen 33% since the beginning of the year.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BWXT at https://www.zacks.com/ap/BWXT