Curtiss-Wright Corp. (NYSE:CW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Curtiss-Wright Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 45.83% to $0.70 in the quarter versus EPS of $0.48 in the year-earlier quarter.
Revenue: Rose 17.35% to $617.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Curtiss-Wright Corp. reported adjusted EPS income of $0.70 per share. By that measure, the company beat the mean analyst estimate of $0.65. It beat the average revenue estimate of $602.61 million.
Quoting Management: “We are pleased with our solid second quarter performance, generating diluted earnings per share of $0.70, which once again was led by operating income growth in our organic businesses as well as our recent acquisitions,” said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation.
Key Stats (on next page)…