Moog Reports Better-than-Estimated Q2 EPS, Sales

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Moog ( MOG.A ) ( MOG.B ), a maker of precision motion control products and systems, reported better-than-expected earnings and sales in its fiscal second quarter.

Net earnings attributable to common shareholders decrease to $31.1 million, or $0.85 per diluted share, for the period ended April 2, from $32.1 million, or $0.80 per diluted share, a year earlier.

Q2 sales fell to $611.1 million from $637.2 million year-over-year.

Analysts on average had predicted earnings of $0.80 per share on revenue of $608.6 million, according to Capital IQ.

The company said it is maintaining its sales and EPS forecast for the full year.

Shares of the East Aurora, New York-based company closed 0.3% higher at $47.06 on Thursday, paring this year's loss to 22%.

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

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