: Woodward stock jumps more than 15% on quarterly beat, raised guidance


Shares of Woodward Inc. WWD rallied more than 15% in the extended session Monday after the maker of control systems and other components for aircraft and industrial engines reported fiscal second-quarter profit and sales well above Wall Street expectations on “robust demand” for its products and services across aerospace and industrial markets. Woodward also tweaked higher its 2023 guidance. The company earned $36 million, or 58 cents a share, in the quarter, compared with $48 million, or 74 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $1.01 a share. Sales rose 22% to $718 million,…

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