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.