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Why TransDigm Stock Popped 14% Today

TheMotleyFool

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Shares of TransDigm Group (NYSE: TDG) have been on a tear this year -- up 25% over the past 52 weeks. The stock got another boost on Tuesday, rising 14% by 1:30 p.m. EDT after the maker of airplane parts reported a big fiscal third quarter -- and an even bigger "special dividend."

For its fiscal third quarter, TransDigm reported net sales of $1.66 billion, which was up 69% from last year's Q3 and nearly $100 million more than the $1.58 billion that Wall Street was expecting.

Profit on those revenues was also pretty great. Instead of the $4.30 per share in pro forma profit that Street analysts had predicted, TransDigm said it earned $4.95 "adjusted" for one-time items, which was 23% better than last year.

Quelle Fool.com

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