TransDigm Group raises forecast for '08 profit and sales

TransDigm now expects to earn $128.5 million to $131.5 million this year, compared with the previous forecast for profit of $113 million to $118 million.

On a per share basis, excluding certain costs, the company expects profit of $2.69 per share to $2.75 per share. Analysts polled by Thomson Financial forecast profit of $2.54 per share.

The company expects sales of $700 million to $710 million. Previously, the company forecast sales of $680 million to $700 million. Analysts expect sales of $701.4 million.

Shares rose $3.64, or 9.3 percent, to $43 in morning trading

(This version CORRECTS Corrects quarter)