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Article: Moog's Third Quarter Earnings Exceed Expectations.(Financial report)
- Article from:
- Bioterrorism Week
- Article date:
- August 3, 2009
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Moog Inc. (NYSE: MOG.A)(NYSE:and)(NYSE:MOG.B) announced 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 (see also Moog Inc.).
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 our ...