NYSE:MOG.AAerospace & Defense
Moog (MOG.A) Stock Price Drops As One Off Gains Cloud Profit Strength
Moog entered this earnings season with a premium reputation and a premium P/E of 43.6x, and the stock had climbed about 30% over the past three months. The immediate reaction told a different story. Shares dropped about 7% to roughly US$389 after the latest results.
The headline this quarter is profit power. Adjusted earnings per share of US$3.72 were up sharply year over year, helped by record quarterly sales of about US$1.1b and richer margins supported by a US$30m tariff refund and a...