LONDON--(Business Wire)--Well-known figures in the CSR world are aware that the current state ofnon-financial reporting is not `fit for purpose`. Class A shares of the East Aurora, New York-based companywere down 37 cents a $26.67 on the New York Stock Exchange. (Reporting by Amulya Nagaraj in Bangalore; Editing by AnilD'Silva) Stocks. For fiscal year 2009, the company expects earnings of $2.02per share, plus or minus 5 cents a share, on revenue of $1.83billion.
The company, however, said it expects to see recovery in2010. Moog said revenue in the F-35 program was also lower as ithad completed most of the development work. The F-35 is a family of radar-evading, multi-role fightersdesigned to replace a wide range of aircraft for the UnitedStates and the international partners in the project. The biggest sales increase was in military aircraft drivenby the Northrop Grumman (NOC.N) Guardian program, which is asystem designed to protect military and commercial aircraftfrom shoulder-fired missiles. Sales at the industrial segment, which has been pummelled bythe recession, were down 28 percent. Total commercial aircraftsales were down 29 percent in the quarter.
The company took a restructuring charge of $9.9 millionduring the quarter. Net sales for the company, whose customers include BoeingCo (BA.N), Lockheed Martin (LMT.N) and the U.S government,fell 10 percent to $445.2 million. For the third quarter ended June 27, net income was $15.9million, or 37 cents a share, compared with $31.1 million, or72 cents a share, a year ago. ($1=$1.08 Canadian) (Reporting by Nina Lex; editing by Rob Wilson) Stocks. * Q3 EPS $0.37 vs $0.72 year ago Stocks * Rev down 10 pct * Says expects to see recovery in 2010 July 24 (Reuters) - Aircraft parts maker Moog Inc (MOGa.N)(MOGb.N) posted a lower quarterly profit, dragged down by arestructuring charge and weak sales at two of its key segments. Suncor Energy (SU.TO) fell 1.5percent to C$36.18 while EnCana (ECA.TO) was down 1.1 percentat C$58.44.
The energy sector fell 0.73 percent as the price of oildropped to around $66 a barrel. (1420 GMT), the S&P/TSX composite index.GSPTSE was down 80.24 points, or 0.74 percent, at 10,595.77.Nine of its 10 main groups were lower. Goldcorp (G.TO) was up 0.34 percent at C$41.38 whileIamgold (IMG.TO) rose 1.09 percent to C$12.05 At 10:20 a.m. "Materials have been pretty strong as people think thingsare improving.
The materials sector overall is going to dowell," said Davis. The mining-laden material sector was up 0.1 percent as goldheld above $950 an ounce. Toronto-Dominion Bank (TD.TO) fell 1.46 percent to C$60.79and Royal Bank of Canada (RY.TO) was down 0.80 percent atC$46.66. "I think financials have had big a charge up and people aretaking a few profits," said Douglas Davis, chief executiveofficer at Davis-Rea. The financial sector, which accounts for one third of theindex, fell 0.89 percent as investors looked to pocket profitsafter yesterday's gains, while disappointing results fromMicrosoft Corp (MSFT.O) and Amazon Inc (AMZN.O) curbedsentiment.