UPDATE 1-Woodward Q4 profit falls, sees FY2010 sales flat

* Q4 shr $0.34 vs. yr-ago $0.50

* Sees FY shr $1.40-$1.60

* Sees FY sales $1.4-$1.5 bln

Nov 18 (Reuters) - Woodward Governor Co WGOV.O, which makes energy control systems and components, posted a lower quarterly profit, hurt by a drop in sales at some of its segments, and said it expects sales in fiscal 2010 to be flat.

The company forecast fiscal 2010 earning to range between $1.40 and $1.60 a share, on sales of $1.4 billion to $1.5 billion.

Analysts on average were expecting earnings of $1.51 a share, on revenue of $1.50 billion, according to Thomson Reuters I/B/E/S.

"We expect Airframe Systems sales to increase due to the mid-year acquisition of HR Textron, but anticipate sequential declines through the first half of the year," the company said in a statement.

There were signs that most of its businesses were bottoming out or will in the near future, Woodward said.

For the fourth quarter, the company posted earnings of $23.8 million, or 34 cents a share, compared with $34.4 million, 50 cents a share, a year earlier.

Sales rose 4 percent to $364.5 million. [ID:nWNAB7735]

Electrical Power Systems' segment sales fell 40 percent to $53.7 million and Engine Systems sales were down 38 percent to $73.8 million.

Shares of the company were down 4 percent at $24.77 in trading after the bell. They closed at $25.80 Wednesday on Nasdaq. (Reporting by Amulya Nagaraj in Bangalore; Editing by Unnikrishnan Nair)