Moog Inc. Q1 Profit Increases, Beats Estimates

(RTTNews) - Moog Inc. (MOG-A) revealed a profit for its first quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $53.11 million, or $1.64 per share. This compares with $47.81 million, or $1.48 per share, last year.

Excluding items, Moog Inc. reported adjusted earnings of $57.66 million or $1.78 per share for the period.

Analysts on average had expected the company to earn $1.70 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 6.2% to $910.32 million from $856.85 million last year.

Moog Inc. earnings at a glance (GAAP) :

-Earnings: $53.11 Mln. vs. $47.81 Mln. last year. -EPS: $1.64 vs. $1.48 last year. -Revenue: $910.32 Mln vs. $856.85 Mln last year.

-Guidance: Full year EPS guidance: $8.20 Full year revenue guidance: $3,700 Mln