Moog Inc. (MOG-A) reported a significant increase in profit for the third quarter, surpassing both last year's results and Wall Street expectations.
The company posted a net income of $56.36 million, or $1.74 per share, compared to $42.39 million, or $1.32 per share, in the same quarter of the previous year.
On an adjusted basis, Moog Inc. reported earnings of $62.01 million, or $1.91 per share for the quarter.
This performance outstripped analysts' consensus estimate of $1.77 per share, according to data compiled by Thomson Reuters. Note that analysts' predictions typically exclude one-time items.
Revenue for the quarter also saw a growth of 6.4%, reaching $904.74 million, up from $850.18 million in the prior year's third quarter.
Key Financial Highlights (GAAP):
- Earnings (Q3): $56.36 million vs. $42.39 million last year.
- EPS (Q3): $1.74 vs. $1.32 last year.
- Revenue (Q3): $904.74 million vs. $850.18 million last year.
