TransDigm: Fiscal Q4 Earnings Snapshot

CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal fourth-quarter profit of $586 million.

On a per-share basis, the Cleveland-based company said it had net income of $10.33. Earnings, adjusted for non-recurring costs and stock option expense, were $12.44 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $12.15 per share.

The aircraft components maker posted revenue of $2.99 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.94 billion.

For the year, the company reported profit of $2.05 billion, or $35.51 per share. Revenue was reported as $10.56 billion.

TransDigm expects full-year earnings in the range of $47.09 to $47.94 per share, with revenue in the range of $11.95 billion to $12.15 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