TransDigm: Fiscal Q2 Earnings Snapshot
By AP News
Published - May 09, 2023, 07:33 AM ET
Last Updated - Jun 21, 2023, 09:40 PM EDT
CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal second-quarter net income of $304 million.
The Cleveland-based company said it had net income of $5.32 per share. Earnings, adjusted for one-time gains and costs, came to $5.98 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.46 per share.
The aircraft components maker posted revenue of $1.59 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.5 billion.
