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CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal second-quarter net income of $304 million.
The Cleveland-based company said it had net income of $5.32 per share. Earnings, adjusted for one-time gains and costs, came to $5.98 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.46 per share.
The aircraft components maker posted revenue of $1.59 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.5 billion.
TransDigm expects full-year earnings in the range of $23.31 to $24.19 per share, with revenue in the range of $6.41 billion to $6.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a TDG">Zacks stock report on TDG at https://www.zacks.com/ap/TDG