CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal third-quarter profit of $492 million.
On a per-share basis, the Cleveland-based company said it had profit of $8.47. Earnings, adjusted for one-time gains and costs, were $9.60 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $9.78 per share.
The aircraft components maker posted revenue of $2.24 billion in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $2.3 billion.
TransDigm expects full-year earnings in the range of $36.33 to $37.15 per share, with revenue in the range of $8.76 billion to $8.82 billion.
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