WASHINGTON (dpa-AFX) - TransDigm Group Incorporated (TDG) reported first-quarter earnings that rose from the year-ago period and beat Wall Street estimates.
The company's profit totaled 444 million dollars, or 7.62 dollars per share. In the previous year, the figure was 281 million dollars or 4.87 dollars per share.
Excluding special items, TransDigm Group Incorporated reported adjusted earnings of 456 million dollars, or 7.83 dollars per share, for the period.
Analysts on average had expected earnings of 7.74 dollars per share. The analysts' estimates generally do not include special items.
The company's turnover rose by 12.1% to 2.006 billion dollars in this period compared to 1.789 billion dollars in the previous year.
TransDigm Group Incorporated earnings at a glance (GAAP):
-Net income: $444 million compared to $281 million in the prior year. -Earnings per share: $7.62 compared to $4.87 in the prior year. -Revenue: $2.006 billion compared to $1.789 billion in the prior year.
-Forecast : Profit forecast for the full year: USD 35.51 - 37.43 Sales forecast for the full year: USD 8,750 - 8,950 million
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