Moog Inc. (MOG.B) shares plunged 6.26% in intraday trading on Friday, following the company's weaker-than-expected earnings and revenue guidance for fiscal 2025.
The aerospace and defense company forecast adjusted earnings per share of $8.20 for the full year, slightly below the FactSet estimate of $8.26. Additionally, Moog projected net sales of $3.70 billion, narrowly missing analysts' expectations of $3.71 billion.
However, the primary catalyst for the stock's sharp decline appears to be the company's outlook for a year-over-year decline in second-quarter earnings. Moog expects Q2 earnings to range between $1.65 and $1.85 per share, compared to $1.86 per share reported in the same period last year.