Moog slumps as investors look past Q3 beat boosted by one-off tariff refund
Year-to-date stock move
** Including session's move, stock up 61.4% YTD
Quarterly results and guidance
** Raises FY adj. EPS and rev forecast to $11.65 and $4.4 bln from $10.60 and $4.3 bln, respectively
** Posts Q3 adj. EPS of $3.72 and revenue of $1.12 bln — higher than analysts' average estimates of $2.66 and $1.08 bln, respectively, according to data compiled by LSEG
Shares fall despite earnings beat and higher outlook
** Aerospace-defense controls systems maker Moog Inc's shares MOGa.N fall 6.3% to $392.7
** J.P.Morgan says the beat was underpinned by industrial momentum and IEEPA tariff-refund claims, but cautions that "a portion of the beat reflects non-recurring tariff and tax items"
** The company posts Q3 operating profit of $176.27 mln, a margin of 15.8%, driven by the tariff refund of $30 mln
