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)
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