TransDigm Group Incorporated TDG reported third-quarter fiscal 2019 adjusted earnings of $4.95 per share, which surpassed the Zacks Consensus Estimate of $4.31 by 14.8%. Moreover, the bottom line increased 23.4% from $4.01 registered a year ago. Barring one-time items, the company reported GAAP earnings of $2.57 per share compared with $3.91 in the year-ago quarter. Sales Net sales amounted to $1,658.3 million, reflecting year-over-year surge of 69.1% from $980.7 million in the prior-year quarter. The reported figure also outpaced the Zacks Consensus Estimate of $1,581 million by 4.9%.Meanwhile, organic sales grew 11.8%. Acquisition sales contributed $561.4 million, of which $545.3 million were from Esterline Technologies Corporation. Financial Position TransDigm ended the third quarter of fiscal 2019 with cash and cash equivalents of $2,716.8 million, up from $2,073 million as of Sep 30, 2018. At the end of the reported quarter, the company’s long-term debt summed $16.5 billion, up from $12.5 billion as of Sep 30, 2018. Cash from operating activities amounted to $768.4 million as of Jun 29, 2019, compared with $690.9 million as of Jun 30, 2018.Transdigm Group Incorporated Price, Consensus and EPS Surprise Transdigm Group Incorporated price-consensus-eps-surprise-chart | Transdigm Group Incorporated QuoteFiscal 2019 OutlookTransDigm raised its 2019 financial guidance. Net sales are now anticipated to be $5,500-$5,550 million compared with the prior guidance of $5,395-5,485 million.EBITDA is anticipated to be $2,425-$2,445 million compared with the prior guidance of $2,325-$2,365 million.Adjusted earnings per share are currently expected to be $17.93-$18.25 compared with $16.47-$17.15 guided earlier.Acquisition-related transaction and integration costs were $230 million. GAAP and cash effective tax rate was 24-25%, with an adjusted tax rate of 26.5%.Zacks Rank TransDigm currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Recent Defense ReleasesTextron Inc. TXT reported second-quarter 2019 earnings from continuing operations of 93 cents per share, which surpassed the Zacks Consensus Estimate of 85 cents by 9.4%. The bottom line also increased 6.9% from 87 cents in the year-ago quarter.Lockheed Martin Corp. LMT reported second-quarter 2019 earnings of $5 per share, which surpassed the Zacks Consensus Estimate of $4.74 by 5.5%. The bottom line also improved 23.5% from $4.05 in the year-ago quarter.Kratos Defense & Security Solutions, Inc. KTOS reported second-quarter 2019 earnings of 8 cents per share, which surpassed the Zacks Consensus Estimate of 7 cents by 14.3%. The bottom line also improved from the prior-year quarter’s earnings of 2 cents per share.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Transdigm Group Incorporated (TDG): Free Stock Analysis Report Kratos Defense & Security Solutions, Inc. (KTOS): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report To read this article on Zacks.com click here.