Woodward Stock Surges After Earnings: Pressure In China, Growth Ahead In Aerospace
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Woodward's stock surged after exceeding earnings expectations, with significant growth in aerospace sales despite supply chain issues. However, concerns remain over weak sales in China. FY25 guidance suggests flat to 6% sales growth, driven by aerospace.
November 26, 2024 | 12:15 pm
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Woodward's stock surged due to exceeding earnings expectations and strong growth in aerospace sales. However, weak sales in China remain a concern. FY25 guidance suggests potential sales growth driven by aerospace.
Woodward's stock price increased due to better-than-expected earnings and significant growth in aerospace sales, which is a key driver for future growth. However, the weak China market poses a risk to industrial sales. The overall positive earnings report and future guidance are likely to maintain upward pressure on the stock price in the short term.
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