Stock Market News - (NASDAQ:WGOV) Q4 profit falls, Provides FY10 Guidance

To subscribe to our free online Stock market updates, you can visit our website: http://www.pennystockpickreport.com/

Woodward Governor Company (NASDAQ:WGOV) fell 7% to $23.98 after it posted a lower quarterly profit, hurt by a drop in sales at some of its segments, and said it expects sales in fiscal 2010 to be flat.

The company forecast fiscal 2010 earning to range between $1.40 and $1.60 a share, on sales of $1.4 billion to $1.5 billion.

Analysts on average were expecting earnings of $1.51 a share, on revenue of $1.50 billion, according to Thomson Reuters I/B/E/S.

"We expect Airframe Systems sales to increase due to the mid-year acquisition of HR Textron, but anticipate sequential declines through the first half of the year," the company said in a statement.

There were signs that most of its businesses were bottoming out or will in the near future, Woodward said.

 For the fourth quarter, the company posted earnings of $23.8 million, or 34 cents a share, compared with $34.4 million, 50 cents a share, a year earlier.

Sales rose 4 percent to $364.5 million.

ABOUT http://www.pennystockpickreport.com/
 
Pennystockpickreport.com is one of the leading stock web site that provides free stock alerts and tracks small cap penny stocks that could be on the brink of a massive breakout.  If you wish to get your company featured on our website then please contact us through our website.