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TransDigm: Fiscal Q2 Earnings Snapshot

May 10, 2022 GMT

CLEVELAND (AP) _ TransDigm Group Inc. (TDG) on Tuesday reported fiscal second-quarter net income of $199 million.

On a per-share basis, the Cleveland-based company said it had profit of $3.38. Earnings, adjusted for one-time gains and costs, came to $3.86 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.71 per share.

The aircraft components maker posted revenue of $1.33 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.31 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