Moog Earns 73 Cents Per Share

Moog ($MOG-A) beat by three cents and they raised guidance. They see earnings coming in for this year (ending September 2011) at $2.85 per share, and at $3.25 per share for next year.

Moog Inc.bizWatch Moog Inc. Latest from The Business Journals M&T, Moog, Try-It juiced by NYPATripathi, Zemsky to head area economic panelMoog set to work on Boeing project Follow this company reported third-quarter earnings improved 14 percent as the space and defense manufacturer upped its guidance for 2011.

Net income climbed to $33.8 million, or 73 cents per share, compared to $29.2 million, or 64 cents per share, last year.

Third-quarter sales rose 9 percent to $583 million from last year’s $537 million.

Analysts had anticipated EPS of 70 cents on revenue of $569.4 million.

East Aurora-based Moog (NYSE: MOG.A, MOG.B), which operates segments in commercial aircraft, space and defense, industrial systems, components and medical devices, adjusted its annual sales to $2.3 billion, with net earnings of $132 million and earnings per share of $2.85, up 21 percent from last year.

Posted by on July 29th, 2011 at 11:38 am

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