TransDigm tops Q2 profit estimates, CEO to retire; shares down

Shares of aerospace supplier TransDigm Group TDG.N down 6% at $1,385

TDG tops Q2 profit estimates on strong demand for aftermarket aero parts

Q2 sales of $2.15 bln missed analysts' average expectation of $2.17 bln - data compiled by LSEG

Q2 adjusted profit of $9.11 per share beat estimates of $8.95 per share

TDG's co-chief operating officer, Mike Lisman, succeeds Kevin Stein as CEO

19 of 23 brokerages rate stock "buy" or higher and 4 "hold"; their median PT is $1,500 - LSEG data

As of last close, stock up 16% YTD