Quantcast

Moog Shares Jump After Fiscal Q4 Results Top Street View


Shutterstock photo

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



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



More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?