TransDigm Group Q4 Earnings Beat Estimates, Sales Increase Y/Y

TransDigm Group Incorporated (TDG) reported fourth-quarter fiscal 2024 adjusted earnings of $9.83 per share, which beat the Zacks Consensus Estimate of $9.24 by 6.4%. The bottom line also improved 22.4% from the prior-year quarter’s reported figure of $8.03.See the Zacks Earnings Calendar to stay ahead of market-making news. Barring one-time items, the company recorded GAAP earnings of $5.80 per share compared with $7.23 in the year-ago quarter.The year-over-year decline in the bottom line was due to divide ...