Moog Shares Jump After Fiscal Q4 Results Top Street View

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Moog ( MOG.A ) shares surged in morning trading Friday after the aerospace and defence company reported fiscal Q4 results that topped Wall Street expectations.

Shares rose 14% to $85.00 at 10:06 am ET in New York.

Adjusted earnings increased 20% for the quarter ended Sept. 29 to $1.28 per diluted share from $1.07, surpassing the $1.17 average estimate of three analysts surveyed by Capital IQ.

Fiscal Q4 sales increased 8% to $700.9 million from $649.3 million, exceeding the analyst consensus of $689 million.

Moving forward, the company said it anticipates FY19 adjusted EPS to grow 15% to $5.25, plus or minus $0.20. Analysts had projected $5.01.

The company also anticipates FY19 sales to grow 6% to $2.88 billion. Analysts are forecasting $2.78 billion.

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

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