Woodward (WWD) shares tumbled 8.08% in after-hours trading on Wednesday, following the release of the company's fiscal third-quarter earnings report that fell short of market expectations.

The company reported earnings per share of $2.40 for the quarter, missing consensus estimates and triggering a sharp sell-off among investors. While adjusted EPS came in at $2.52 versus the IBES estimate of $2.50, the reported GAAP EPS of $2.40 appeared to disappoint. The company also provided a full-year adjusted EPS outlook of $9.30 to $9.50, which may have contributed to investor concerns.

The negative reaction underscores the market's sensitivity to earnings misses, with the stock already having declined over 6% during the regular session before extending losses in after-hours trading.