CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal first-quarter earnings of $445 million.
On a per-share basis, the Cleveland-based company said it had profit of $6.62. Earnings, adjusted for one-time gains and costs, came to $8.23 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $8.02 per share.
The aircraft components maker posted revenue of $2.29 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $2.25 billion.
TransDigm expects full-year earnings in the range of $37.42 to $39.34 per share, with revenue in the range of $9.85 billion to $10.04 billion.
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