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Curtiss-Wright beats Street 1Q forecasts

CHARLOTTE, N.C. (AP) _ Curtiss-Wright Corp. (CW) on Wednesday reported first-quarter earnings of $32.5 million.

The Charlotte, North Carolina-based company said it had profit of 73 cents per share. Earnings, adjusted for pretax gains, came to 64 cents per share.

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

The engineering firm posted revenue of $523.6 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $508.2 million.

Curtiss-Wright expects full-year earnings to be $4.40 to $4.50 per share.

Curtiss-Wright shares have fallen 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $93.21, a climb of 22 percent 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


Keywords: Curtiss-Wright, Earnings Report