Moog Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Moog Inc. (MOG-A) reported a profit for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings totaled $59.71 million, or $1.87 per share. This compares with $56.36 million, or $1.74 per share, last year.

Excluding items, Moog Inc. reported adjusted earnings of $75.51 million or $2.37 per share for the period.

Analysts on average had expected the company to earn $2.14 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 7.4% to $971.36 million from $904.74 million last year.

Moog Inc. earnings at a glance (GAAP) :

-Earnings: $59.71 Mln. vs. $56.36 Mln. last year. -EPS: $1.87 vs. $1.74 last year. -Revenue: $971.36 Mln vs. $904.74 Mln last year.

-Guidance: Full year EPS guidance: $8.25 Full year revenue guidance: $3.8 Bln