TransDigm Tops Q3 Estimates, Raises FY23 Guidance On Favorable Trends In Commercial Aerospace Market
Portfolio Pulse from Akanksha Bakshi
TransDigm Group Inc (TDG) reported Q3 FY23 sales growth of 25% YoY to $1.74 billion, beating the consensus of $1.68 billion. Adjusted EPS improved 49% YoY to $7.25, beating the consensus of $6.33. The company raised its full-year guidance due to solid Q3 results and current expectations for the remainder of the fiscal year. Despite the positive report, TDG shares are trading lower by 1.87%.
August 08, 2023 | 5:51 pm
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TransDigm reported strong Q3 results and raised its FY23 guidance, which could have a positive impact on its stock in the short term.
TransDigm's strong Q3 results and raised FY23 guidance indicate a positive outlook for the company, which could attract investors and drive up the stock price. However, despite the positive report, the stock is currently trading lower.
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