07.05.2024 13:22:12 - dpa-AFX: TransDigm Group Incorporated Q2 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - TransDigm Group Incorporated (TDG) revealed earnings
for its second quarter that increased from last year and beat the Street
estimates.
The company's bottom line came in at $403 million, or $6.97 per share. This
compares with $304 million, or $5.32 per share, in last year's second quarter.
Excluding items, TransDigm Group Incorporated reported adjusted earnings of $462
million or $7.99 per share for the period.
Analysts on average had expected the company to earn $7.42 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 20.8% to $1.92 billion from $1.59
billion last year.
TransDigm Group Incorporated earnings at a glance (GAAP) :
-Earnings (Q2): $403 Mln. vs. $304 Mln. last year.
-EPS (Q2): $6.97 vs. $5.32 last year.
-Revenue (Q2): $1.92 Bln vs. $1.59 Bln last year.
-Guidance:
Full year EPS guidance: $26.06 - $27.40
Full year revenue guidance: $7,680 - $7,800 Mln
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