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TransDigm: Fiscal 4Q Earnings Snapshot

November 6, 2018

CLEVELAND (AP) _ TransDigm Group Inc. (TDG) on Tuesday reported fiscal fourth-quarter net income of $228.8 million.

On a per-share basis, the Cleveland-based company said it had profit of $4.11. Earnings, adjusted for one-time gains and costs, came to $4.44 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.27 per share.

The aircraft components maker posted revenue of $1.05 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.03 billion.

For the year, the company reported profit of $900.9 million, or $16.20 per share. Revenue was reported as $3.81 billion.

TransDigm expects full-year earnings in the range of $15.92 to $16.60 per share, with revenue in the range of $4.13 billion to $4.22 billion.

TransDigm shares have climbed 26 percent since the beginning of the year. The stock has increased 23 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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