Curtiss-Wright tops 4Q profit forecasts

Curtiss-Wright beats 4Q profit expectations, misses revenue forecasts

CHARLOTTE, N.C. (AP) _ Curtiss-Wright Corp. (CW) on Wednesday reported fourth-quarter profit of $68.6 million.

The Charlotte, North Carolina-based company said it had profit of $1.53 per share. Earnings, adjusted to account for discontinued operations, were $1.58 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The engineering firm posted revenue of $565.6 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $595.1 million.

For the year, the company reported profit of $187.3 million, or $4.15 per share. Revenue was reported as $2.11 billion.

Curtiss-Wright expects full-year earnings to be $4.30 to $4.40 per share, with revenue in the range of $2.17 billion to $2.21 billion.

Curtiss-Wright shares have climbed 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $99.46, a rise of 54 percent in the last 12 months.

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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

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Keywords: Curtiss-Wright, Earnings Report

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