TransDigm: Fiscal Q1 Earnings Snapshot
Tue, Feb 7, 2023 7:31 AM
STATS Perform dba Automated Insights
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.
TransDigm expects full-year earnings in the range of $21.47 to $22.87 per share, with revenue in the range of $6.07 billion to $6.24 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