Moog slumps as investors look past Q3 beat boosted by one-off tariff refund
Stock performance
Including the session's move, the stock was up 61.4% year to date.
Quarterly results and guidance
The company posted third-quarter operating profit of $176.27 million, a margin of 15.8%, driven by the tariff refund of $30 million.
It also raised its full-year adjusted EPS and revenue forecast to $11.65 and $4.4 billion from prior guidance.
Moog posted third-quarter adjusted EPS of $3.72 and revenue of $1.12 billion, above analysts' average estimates of $2.66 and $1.08 billion, respectively, according to data compiled by LSEG.
Shares fall despite quarterly beat
Aerospace-defense controls systems maker Moog Inc's shares fell 6.3% to $392.7 as investors looked past a third-quarter beat boosted by a one-off tariff refund.
J.P. Morgan said the beat was underpinned by industrial momentum and IEEPA tariff-refund claims, but cautioned that "a portion of the beat reflects non-recurring tariff and tax items".
