FX.co ★ TransDigm Group Incorporated Q2 Profit Increases, beats estimates

TransDigm Group Incorporated (TDG) recently released its earnings for the second quarter, boasting impressive growth from the previous year that surpassed Streets' predictions.

TDG reported a bottom line of $403 million equating to $6.97 per share, a substantial rally from the previous second quarter's $304 million or $5.32 per share. When excluding certain items, the organization disclosed adjusted earnings of $462 million or $7.99 per share for the quarter.

According to data compiled by Thomson Reuters, market analysts had projected earnings of $7.42 per share on average. It's typical for these projections to exclude special items. TDG's second-quarter revenue demonstrated growth of 20.8%, climbing to $1.92 billion up from the preceding year's $1.59 billion.

Here's a brief snapshot of TDG's quarterly earnings (GAAP):

-Earnings (Q2): Growth to $403 million from $304 million in last year's second quarter.

-EPS (Q2): Increased to $6.97 from $5.32 in the past year.

-Revenue (Q2): Rose to $1.92 billion from $1.59 billion last year.

TDG also provided full-year guidance forecasting an EPS between $26.06 - $27.40 and revenue between $7,680 - $7,800 million.