CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Wednesday reported fiscal fourth-quarter profit of $451 million.
The Cleveland-based company said it had net income of $7.75 per share. Earnings, adjusted for one-time gains and costs, came to $10.82 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $10.25 per share.
The aircraft components maker posted revenue of $2.44 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $2.41 billion.
For the year, the company reported profit of $1.87 billion, or $32.08 per share. Revenue was reported as $8.83 billion.
TransDigm expects full-year earnings to be $32.57 per share.
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