BWX: 3Q Earnings Snapshot
LYNCHBURG, Va. (AP) _ BWX Technologies Inc. (BWXT) on Monday reported third-quarter net income of $74.8 million.
The Lynchburg, Virginia-based company said it had net income of 78 cents per share. Earnings, adjusted for restructuring costs, were 79 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The supplier of nuclear fuel and components to the U.S. government posted revenue of $506 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $483.7 million.
BWX shares have climbed 54% since the beginning of the year.