TransDigm Group (TDG) beat earnings and revenue estimates in the fiscal second quarter. However, both top and bottom-line numbers declined year-over-year due to the negative impact stemming from the COVID-19 pandemic. The aerospace manufacturing company’s net sales of $1.19 billion surpassed the Street’s estimates of $1.17 billion but declined 17.3% from the year-ago period. Earnings decreased 49.4% to $2.58 per share, beating the consensus estimates of $2.51 per share. Additionally, EBITDA for the period decreased 23.1% year-over-year to $519 million.
https://www.tipranks.com/news/transdigm-groups-q2-revenue-and-profit-beat-estimates
Transdigm (NYSE:TDG)
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