TransDigm: Fiscal 4Q Earnings Snapshot
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.