Woodward (WGOV) Reports EPS Up 38 Percent To $0.47 And Increases Full-Year Guidance

Posted by Munish | # |
05:11:50 am on July 23, 2008

Woodward Governor earned 47 cents a share in its fiscal third quarter and beat consensus estimates of 43 cents (a 9.3% upside beat). Sales grew 23% year over year to $329 million, vs. the $308 million consensus.  Management also issued upside guidance for fiscal 2008. It now sees revenue growth of roughly 20%, up from 14% to 16%, and $1.75 in earnings, up from the previous guidance of $1.61 to $1.66.

Stock got upgraded from hold to Buy by Maxim Group.

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