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Shares Of Woodward Governor Soar On 2Q Earnings

Stock quotes in this article: WGOV  

HARTFORD, Conn. (AP) — Shares of Woodward Governor Co. soared Thursday, a day after the manufacturer of aircraft energy control systems reported second-quarter earnings which soundly beat Wall Street expectations, and boosted the bottom-end of its full-year outlook.

On Wednesday, the company reported earnings of $18.5 million, or 27 cents per share. Excluding restructuring charges, its adjusted profit amounted to 43 cents per share, trouncing Wall Street's target of 34 cents per share.

Revenue rose 9 percent to $334.7 million, and topped analysts' estimate of $327.8 million, according to a survey by Thomson Reuters. ...

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