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TransDigm: Fiscal 2Q Earnings Snapshot

CLEVELAND (AP) _ TransDigm Group Inc. (TDG) on Tuesday reported fiscal second-quarter net income of $202.4 million.

The Cleveland-based company said it had net income of $3.60 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to $4.21 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.86 per share.

The aircraft components maker posted revenue of $1.2 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.14 billion.

TransDigm expects full-year earnings to be $16.81 per share.

TransDigm shares have climbed 40% since the beginning of the year. The stock has increased 47% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDG at https://www.zacks.com/ap/TDG