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Curtiss-Wright: 1Q Earnings Snapshot

DAVIDSON, N.C. (AP) _ Curtiss-Wright Corp. (CW) on Wednesday reported first-quarter profit of $51.8 million.

On a per-share basis, the Davidson, North Carolina-based company said it had profit of $1.21. Earnings, adjusted for non-recurring costs, came to $1.34 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The engineering firm posted revenue of $601.2 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $582.1 million.

Curtiss-Wright shares have decreased 33% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $94.77, a decrease of 18% 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