TransDigm: Fiscal Q3 Earnings Snapshot
CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal third-quarter profit of $351 million.
On a per-share basis, the Cleveland-based company said it had net income of $6.14. Earnings, adjusted for one-time gains and costs, came to $7.25 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $6.33 per share.
The aircraft components maker posted revenue of $1.74 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.68 billion.
TransDigm expects full-year earnings in the range of $24.94 to $25.36 per share, with revenue in the range of $6.53 billion to $6.59 billion.
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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
