TransDigm (TDG) Beats on Q1 Earnings, Ups '24 Sales View

TransDigm Group Incorporated (TDG) reported first-quarter fiscal 2024 adjusted earnings of $7.16 per share, which beat the Zacks Consensus Estimate of$6.37 by 12.4%. The bottom line also improved 56% from the prior-year quarter’s reported figure of $4.58.Barring one-time items, the company recorded GAAP earnings of$4.87 per share compared with $3.33 in the year-ago quarter.SalesNet sales amounted to$1,789 million, up 28% from $1,397 million registered in the prior-year period. The reported figure also be ...