Moog Inc. Class A Common Stock Q3 EPS $1.37 Misses $1.47 Estimate, Sales $850.00M Beat $803.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Moog Inc. Class A Common Stock (NYSE:MOG) reported Q3 earnings of $1.37 per share, missing the analyst consensus estimate of $1.47 by 6.8 percent. This is a 14.91 percent decrease from the same period last year. However, the company reported quarterly sales of $850.00 million, beating the analyst consensus estimate of $803.53 million by 5.78 percent, a 9.97 percent increase from last year.
July 28, 2023 | 11:58 am
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NEUTRAL IMPACT
Moog Inc.'s Q3 earnings per share missed analyst estimates by 6.8%, but sales beat estimates by 5.78%. This mixed result could lead to uncertainty in the market.
Moog Inc.'s earnings miss could negatively impact the stock price, but the sales beat could offset this. The mixed results could lead to uncertainty among investors, potentially causing short-term volatility in the stock price.
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