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TransDigm: Fiscal Q2 Earnings Snapshot

CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal second-quarter earnings of $535 million.

The Cleveland-based company said it had net income of $9.20 per share. Earnings, adjusted for one-time gains and costs, were $9.85 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $9.32 per share.

The aircraft components maker posted revenue of $2.54 billion in the period.

TransDigm expects full-year earnings in the range of $38.83 to $40.21 per share, with revenue in the range of $10.3 billion to $10.42 billion.

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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

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