Shares of Triumph Group Inc. (NYSE: TGI) soared 10.39% in pre-market trading on Monday, November 12, 2024, after the aircraft components manufacturer reported better-than-expected fiscal second-quarter results and raised its full-year earnings guidance.
For the quarter ended September 2024, Triumph Group reported adjusted earnings per share of $0.20, surpassing the consensus estimate of $0.01 by a wide margin. The company's revenue of $287.5 million also exceeded analysts' expectations of $283.09 million.
The strong performance prompted Triumph Group to raise its fiscal 2025 earnings guidance. The company now expects full-year earnings in the range of $0.70 to $0.76 per share, up from its previous forecast.
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