TransDigm results beat analysts' estimates

(Reuters) - Aircraft component designer TransDigm Group (TDG.N) posted better-than-expected quarterly results, helped in part by reduction in acquisition-related expenses and lower interest expense, and it raised its full-year outlook.

For the third quarter ended June 28, net income was $36 million, or 72 cents a share, compared with $22.1 million, or 45 cents a share, in the year-ago period. Analysts on average were expecting earnings of 67 cents a share, according to Reuters Estimates.

Revenue rose 18 percent to $186 million, topping analysts' average expectation of $181.9 million.

Interest expense fell 16 percent in the latest quarter.

For the full year, the company now sees earnings of $2.59 to $2.63 a share, up from its prior estimate of $2.56 to $2.62 a share.

The company expects to post revenue of $710 million to $715 million, compared with its prior forecast of $700 million to $710 million.

Analysts were expecting earnings of $2.59 a share, on revenue of $712.7 million.

Shares of the Cleveland, Ohio-based company closed at $37.88 Monday on the New York Stock Exchange.

(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Amitha Rajan)