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CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal first-quarter profit of $493 million.
On a per-share basis, the Cleveland-based company said it had net income of $7.62. Earnings, adjusted for one-time gains and costs, were $7.83 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $7.48 per share.
The aircraft components maker posted revenue of $2.01 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.99 billion.
TransDigm expects full-year earnings in the range of $35.51 to $37.43 per share, with revenue in the range of $8.75 billion to $8.95 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