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TransDigm Group Inc. (TDG) Pulled Back After Weak Q1 Report

TransDigm Group Inc. (TDG) reported first quarter adjusted EPS of $2.62 Tuesday morning. Net sales rose 4.2 percent to $848.0 million, from $814.0 million last year. Street expectations were for EPS of $2.79 and revenues of $860.1 million.

TransDigm Group gapped open sharply lower Tuesday, but pared its losses in early trade before settling into a range. The stock closed down by 6.20 at $290.66 on above average volume. Shares slipped to a 3-week low.

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