TransDigm Gr Q1 Adj. EPS $7.16 Beats $6.41 Estimate, Sales $1.79B Beat $1.68B Estimate
Portfolio Pulse from Benzinga Newsdesk
TransDigm Group (TDG) reported Q1 adjusted EPS of $7.16, surpassing the $6.41 estimate, and sales of $1.79B, exceeding the $1.68B estimate. This represents a 56.33% increase in EPS and a 28.06% increase in sales from the same period last year.
February 08, 2024 | 12:16 pm
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POSITIVE IMPACT
TransDigm Group reported a significant beat on both EPS and sales estimates for Q1, with a notable year-over-year growth.
The substantial beat on both earnings per share and sales estimates, coupled with significant year-over-year growth, is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100