Moog Inc. (MOG-A) recently disclosed an increase in profit for its first quarter compared to the corresponding period last year, surpassing Wall Street predictions.
The company's net income equaled $47.812 million or $1.48 per share, demonstrating an upturn from $46.016 million or $1.44 per share recorded during last year's first quarter.
After considering certain factors, Moog Inc. declared adjusted earnings of $49.203 million or $1.53 per share for the recent quarter.
In preference to standard projections, analysts, on average, had forecasted the company's earnings to be $1.46 per share. This data was compiled and verified by Thomson Reuters.
During the quarter under review, the firm's revenue observed a 12.7% surge, reaching $856.850 million, up from $760.103 million registered last year.
For a quick glance, here are key highlights of Moog Inc.'s earnings (based on GAAP principles):
First Quarter Earnings: $47.812 million, up from $46.016 million in the previous year.
First Quarter EPS: $1.48, an improvement from $1.44 last year.
The anticipated estimate by analysts was $1.46.
First Quarter Revenue: Rose to $856.850 million from last year's $760.103 million.
