TransDigm Group Posts Loss In Q3; Adjusts FY14 Guidance - Quick Facts

(RTTNews) - TransDigm Group Inc. (TDG) reported third-quarter net loss applicable to common stock of $94.73 million, or $1.66 per share, as against a profit of $38.68 million, or $0.71 per share, in the comparable quarter a year ago.

Adjusted net income for the quarter totaled $115.6 million, or $2.02 per share. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $1.98 for the quarter. Analysts' estimates typically exclude special items.

Quarterly net sales increased to $610.58 million, from $488.64 million reported last year. Analysts projected $612.33 million of sales for the quarter.

Looking ahead, the company is revising its full year fiscal 2014 guidance. It currently expects annual adjusted earnings per share to be in the range of $7.47 to $7.57, versus its earlier range of $7.46 to $7.70. Net sales are now anticipated to be in the range of $2,344 million to $2,370 million, compared with the previous range of $2,317 million to $2,367 million.