Moog Earns 77 Cents Per Share

Moog ($MOG-A) just reported fiscal Q2 earnings of 77 cents per share which was two cents more than expectations. Sales rose by 9% to $625 million. Moog reaffirmed its previous full-year guidance for sales of $2.47 billion and earnings-per-share of $3.31.

“The Company delivered another good result in the second quarter,” said John Scannell, CEO. “We saw sales growth in all five of our segments, with the biggest increase in our Aircraft segment. In general, the defense business is holding its own, our industrial markets are healthy and our commercial aircraft business is powering ahead. With six months gone, fiscal 2012 is coming together nicely and we continue to forecast a 12% growth in earnings per share over our fiscal 2011 result.”

Posted by on April 27th, 2012 at 9:12 am

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