TransDigm: Fiscal Q4 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 07:49 AM ET
Last Updated - Dec 16, 2024, 05:36 PM EST
CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Thursday reported fiscal fourth-quarter profit of $336 million.
On a per-share basis, the Cleveland-based company said it had net income of $5.80. Earnings, adjusted for non-recurring costs and stock option expense, were $9.83 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $9.24 per share.
The aircraft components maker posted revenue of $2.19 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $2.16 billion.
