Defense technology company TransDigm Group Incorporated (NYSE: TDG) reported an increase in earnings and sales for the third quarter of 2023.
- Third-quarter net sales came in at $1.74 billion, up 25% from $1.39 billion reported in the prior-year quarter
- Earnings per share from continuing operations increased 50% from last year to $6.14 in Q3
- Net income from continuing operations climbed 47% year-over-year to $352 million
- Adjusted earnings per share was $7.25 in the latest quarter, up 49% from $4.85 recorded in the third quarter of 2022
- Q3 EBITDA totaled $915 million, up 31% from $696 million in the prior year’s quarter
- The company also reaffirmed fiscal-2023 financial guidance to reflect its continued strong performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
INTU Earnings: Intuit Q3 2024 revenue and adj. profit top expectations
Intuit Inc. (NASDAQ: INTU) Thursday reported an increase in adjusted earnings and revenues for the third quarter of 2024. The results also exceeded analysts' estimates. At $6.74 billion, the Mountain
After blowout quarter, Nvidia (NVDA) looks set to continue riding the AI wave
Shares of NVIDIA Corporation (NASDAQ: NVDA) rallied this week after the semiconductor giant reported robust first-quarter numbers. Being a first mover in artificial intelligence chips, the company is spearheading the
Target Corp. (TGT): A brief look at the retailer’s performance in Q1 2024
Shares of Target Corporation (NYSE: TGT) rose over 1% on Thursday. The stock has dropped over 11% in the past one month. The company delivered mixed results for the first
