Moog Powers Higher on Strength in Aircraft Controls, Components
Moog (NYSE: MOG-A) (NYSE: MOG-B) has seen substantial growth in recent years in its precision components and systems business, largely because of favorable conditions for the key industries that it serves. In particular, the aerospace sector has been a huge source of support for Moog, and rising demand from airlines and other players in the commercial aerospace industry have played a vital role in Moog's stock performance over the past couple of years.
Coming into Friday's fiscal third-quarter financial report, Moog investors expected the company to tread water for a short period, with slight declines in earnings and flat sales. Instead, Moog kept the good times going, and bottom-line gains and substantial growth in revenue pointed to better times ahead. Let's look more closely at Moog's results and what they say about the company's future.
Image source: Moog.
Source: Fool.com
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