Moog Beat Earnings By 10 Cents

We’re getting the week off to a good start. Moog (MOG-A) just announced that it creamed Wall Street’s estimates.

For the their fiscal Q1, Moog earned 73 cents per share which was 10 cents more than Wall Street’s expectations.

That’s not all. The company also raised its estimate for 2011. Moog now sees full-year earnings-per-share coming in at $2.75 compared with their earlier forecast of $2.70.

First-quarter revenue rose 12 percent to $554 million. Aircraft segment sales were up 12 percent at $196 million, helped by commercial aircraft parts.

OEM (original equipment maker) production revenues were up for Boeing — from a ramp-up in 787 Dreamliner hardware deliveries — and Airbus, its main customers, the company said in a statement.

Boeing recently delayed the initial delivery of the Dreamliner to the third quarter from the first.

Posted by on January 31st, 2011 at 9:47 am

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