TransDigm (TDG) Beats on Q3 Earnings, Ups '24 Sales View

TransDigm Group Incorporated (TDG) reported third-quarter fiscal 2024 adjusted earnings of $9 per share, which beat the Zacks Consensus Estimate of $8.45 by 6.5%. The bottom line also improved 24.1% from the prior-year quarter's reported figure of $7.25. Barring one-time items, the company recorded GAAP earnings of $7.96 per share compared with $6.14 in the year-ago quarter. The year-over-year improvement in bottom line can be attributed to improved sales, gross profit and operating income compared with the ...