TransDigm: Fiscal Q1 Earnings Snapshot
By AP News
Published - Feb 07, 2023, 07:33 AM ET
Last Updated - Jun 22, 2023, 10:58 PM EDT
CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal first-quarter earnings of $228 million.
The Cleveland-based company said it had net income of $3.33 per share. Earnings, adjusted for one-time gains and costs, were $4.58 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.31 per share.
The aircraft components maker posted revenue of $1.4 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.36 billion.
