Woodward Governor 2Q Profit Falls But Beats Street

The company's Turbine Systems segment recorded a profit of $34.8 million, up 12 percent from a year ago, as revenue rose 7 percent to $157.8 million. Profit in its Engine Systems segment fell 41 percent to $7.7 million, as sales fell 27 percent to $92.5 million.

The company said it now expects to report profit of $1.45 to $1.65 per share for the full year, not counting some special charges. The low end of that range is a nickel higher than the $1.40 to $1.65 per sahre the company predicted on Feb. 27. Its revenue outlook stayed the same at $1.4 billion to $1.5 billion.

Analysts are expecting a profit of $1.43 per share on revenue of $1.47 billion.