TransDigm Group (TDG +2.6%) moves up despite posting a mixed FQ1 that missed on its bottom-line...
Feb 4 2013, 10:55 ET
TransDigm Group (TDG +2.6%) moves up despite posting a mixed FQ1 that missed on its bottom-line but beat on revenue. Net earnings rose 14% Y/Y as the aviation-parts supplier's acquisitions drove a 22% jump in sales. The company warns that defense revenue should decline modestly, but its commercial original-equipment market and commercial aftermarkets are expected to improve. To that end, it raises the low end of its FY13 EPS guidance by $0.20, now expecting $6.74 to $6.98 a share on sales between $1.82B and $1.88B.