PRESS RELEASE
Moog Inc. (NYSE: MOG.A) (NYSE: MOG.B) today announced second quarter earnings of $23.7 million, and earnings per share of $.55, down 17% from last year’s second quarter. Sales of $453 million were down 3% from a year ago. This is the first quarter in 14 years that the Company has been unable to report an increase in quarterly earnings. The Company’s situation reflects the impact of the global economic recession, particularly as it affects the Company’s industrial business in Europe and Asia.
Continue reading ‘Moog Profits Down 17 Percent; Space & Defense Strong’
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