Triumph Group Shares Rise 17% on 2Q Results, Raised 2025 Outlook

Dow Jones

2024-11-12

By Denny Jacob

Triumph Group shares rose 17% after better-than-expected results in its latest quarter and a raised outlook for the year.

Shares were trading around $19.02. The stock is up 17% on the year.

The aerospace and defense supplier recorded sales of $287.5 million in the fiscal second quarter, above analysts' estimates of $283.1 million. The company also swung to net income of $11.9 million from a loss of $1.3 million a year earlier, beating analysts' estimates of net income of $1.4 million.

Triumph Group forecast adjusted earnings per-share in the range of 70 cents and 76 cents in fiscal 2025. The company previously forecast adjusted earnings per-share of about 52 cents.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

November 12, 2024 10:36 ET (15:36 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The company previously forecast adjusted earnings per-share of about 52 cents. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2024 10:36 ET (15:36 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TGI","symbol_name":"Triumph Group Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482108250","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482108250","pubTimestamp":1731425760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Triumph Group shares rose 17% after better-than-expected results in its latest quarter and a raised outlook for the year.Shares were trading around $19.02. 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The stock is up 17% on the year. \n\n\n  The aerospace and defense supplier recorded sales of $287.5 million in the fiscal second quarter, above analysts' estimates of $283.1 million. The company also swung to net income of $11.9 million from a loss of $1.3 million a year earlier, beating analysts' estimates of net income of $1.4 million. \n\n\n  Triumph Group forecast adjusted earnings per-share in the range of 70 cents and 76 cents in fiscal 2025. The company previously forecast adjusted earnings per-share of about 52 cents. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 12, 2024 10:36 ET (15:36 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}