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TransDigm: Fiscal 3Q Earnings Snapshot

August 7, 2018

CLEVELAND (AP) _ TransDigm Group Inc. (TDG) on Tuesday reported fiscal third-quarter earnings of $217.2 million.

The Cleveland-based company said it had net income of $3.91 per share. Earnings, adjusted for one-time gains and costs, came to $4.01 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.06 per share.

The aircraft components maker posted revenue of $980.7 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $1 billion.

TransDigm expects full-year earnings in the range of $17.45 to $17.77 per share, with revenue in the range of $3.78 billion to $3.82 billion.

TransDigm shares have climbed 34 percent since the beginning of the year. The stock has risen 32 percent in the last 12 months.


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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