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CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal third-quarter net income of $461 million.
On a per-share basis, the Cleveland-based company said it had profit of $7.96. Earnings, adjusted for one-time gains and costs, came to $9 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $8.45 per share.
The aircraft components maker posted revenue of $2.05 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $1.99 billion.
TransDigm expects full-year earnings in the range of $32.62 to $33.42 per share, with revenue in the range of $7.87 billion to $7.93 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