FORT COLLINS, Colo. (AP) _ Woodward Inc. (WWD) on Monday reported fiscal second-quarter net income of $68.3 million.
On a per-share basis, the Fort Collins, Colorado-based company said it had net income of $1.04.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.
The maker of cockpit controls and other equipment for the defense and aerospace markets posted revenue of $581.3 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $575.8 million.
Woodward shares have risen 2.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $124.54, more than doubling 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 WWD at https://www.zacks.com/ap/WWD
