Moog Q1 Results Beat Expectations; Trims FY17 Sales Outlook

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Moog Inc. (MOG.A, MOG.B) reported pre-market Friday fiscal Q1 results which topped expectations compiled by Capital IQ. The company also trimmed its FY17 revenue outlook while reaffirming its EPS guidance.

For Q1 ended Dec. 31, EPS rose to $0.84 from $0.71 per share in the year-ago period. Excluding a $0.07 per share impact, EPS was $0.91 per share, above the $0.80 per share average estimate.

The maker of motion and fluid control systems said revenues rose 4% year-over-year to $589.7 million and narrowly beat the $586.7 million consensus.

Looking ahead, the company continues to expect FY17 EPS to range between $3.30 to $3.70 per share, straddling the $3.55 per share mean estimate. Full-year revenue guidance was cut by $20 million to $2.42 billion, which is below the $2.45 billion consensus.

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This article appears in: Investing , ETFs
Referenced Symbols: MOG.A , MOG.B

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