Why Woodward Stock Is Falling Today
Industrial component manufacturer Woodward (NASDAQ: WWD) beat expectations for the quarter, but the company is cautious about what lies up ahead.
Investors are focused on the caution, sending shares of Woodward down 17% as of 11:30 Eastern.
Woodward is a manufacturer of energy conversion and control systems for the aerospace and industrial equipment industries. The company earned $1.63 per share in its fiscal third quarter (ending June 30), topping the $1.51-per-share consensus estimate. Revenue, however, came in about $5 million below expectations at $847.7 million.
Source Fool.com
Woodward Inc. Stock
€312.80
1.490%
With 25 Buy predictions and not a single Sell prediction Woodward Inc. is an absolute favorite of our community.
With a target price of 359 € there is a slightly positive potential of 14.77% for Woodward Inc. compared to the current price of 312.8 €.
