Curtiss-Wright Corp. (CW) Releases Earnings Results, Beats Expectations By $0.05 EPS

Curtiss-Wright Corp. (CW) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.68. The company posted revenue of $503.50 million in the period, compared to analysts expectations of $491.53 million. The company’s revenue was down -7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Curtiss-Wright Corp. opened for trading at $76.9 and hit $78.3 on the upside on Monday, eventually ending the session at $78.18, with a gain of 2.09% or 1.6 points. The heightened volatility saw the trading volume jump to 2,39,714 shares. Company has a market cap of $3,481 M.

In a different news, on Mar 2, 2016, Glenn E Tynan (Vice President and CFO) sold 15,435 shares at $71.95 per share price. According to the SEC, on Feb 18, 2016, Paul J Ferdenzi (Vice President) sold 4,071 shares at $63.24 per share price. On Feb 18, 2016, Harry Jakubowitz (VP & Treasurer) sold 2,212 shares at $63.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Curtiss-Wright Corporation is a provider of engineered critical function products and services to the commercial defense energy and industrial markets. The Company operates under three segments: Commercial/Industrial Defense and Energy. The Company’s manufacturing facilities are located in the United States in New York Ohio North Carolina and Pennsylvania and internationally in Canada and the United Kingdom. The Company has approximately 185 facilities including five corporate and shared-services facilities. It supplies its products and services to original equipment manufacturers (OEMs) and aftermarket industrial customers including the transportation commercial trucking off-road equipment construction automotive chemical oil and gas and medical industries. It also produces operation-critical valves for the power and process industries.

Curtiss-Wright Corp.

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