FORT COLLINS, Colo. (AP) _ Woodward Inc. (WWD) on Monday reported fiscal first-quarter net income of $30.3 million.

On a per-share basis, the Fort Collins, Colorado-based company said it had net income of 47 cents. Earnings, adjusted for non-recurring costs, came to 56 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The maker of cockpit controls and other equipment for the defense and aerospace markets posted revenue of $541.6 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $590.1 million.

Woodward expects full-year earnings in the range of $3.55 to $3.95 per share, with revenue in the range of $2.45 billion to $2.65 billion.

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

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