In This Article:
CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal second-quarter net income of $479 million.
On a per-share basis, the Cleveland-based company said it had net income of $8.24. Earnings, adjusted for one-time gains and costs, were $9.11 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $8.85 per share.
The aircraft components maker posted revenue of $2.15 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $2.17 billion.
TransDigm expects full-year earnings in the range of $35.51 to $37.43 per share, with revenue in the range of $8.75 billion to $8.95 billion.
_____
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