Moog (NYSE:MOG-A) reports 1Q17 earnings results; Topline up 3.7%; Tops Estimate

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Moog (NYSE:MOG-A) reports 1Q17 earnings results; Topline up 3.7%; Tops Estimate

Moog (MOG-A) reported net income for the first quarter of $ 30.56 million or $ 0.84 per share, compared to $ 26.24 million or $ 0.71 per share for the year-ago quarter.

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Net Sales for the first quarter rose 3.73% to $ 589.67 million from $ 568.46 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the Moog to earn $ 0.80 per share on revenue of $ 583.15 million for the first quarter.

For the fiscal year 2017, the company forecasts sales of $2.42 billion and earnings per share of $3.50, plus or minus $0.20.