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Article: Moog's Third Quarter Earnings Exceed Expectations.
- Article from:
- PR Newswire
- Article date:
- July 24, 2009
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EAST AURORA, N.Y., July 24 /PRNewswire-FirstCall/ -- Moog Inc. announced today third quarter earnings of $15.9 million, and earnings per share of $.37, about half of last year's level of $.72 per share. Sales for the quarter of $445 million were down 10% from a year ago.
In April, the Company revised its guidance for the year and projected mid-range earnings per share of $1.95. Year to date earnings per share of $1.63 are slightly ahead of that pace.
"Last year at this time our Company had not been affected by the global recession," said R. T. Brady, Chairman and CEO. "This year the recession has found some parts of our Company. We've had to adjust ...