Triumph Group up 5.3% on Strong Earnings and Outlook
Triumph Group (NYSE: TGI) is trading higher on the session following its Q3 earnings announcement this morning. The company reported Q3 EPS of $1.29 vs $1.12 estimate and net sales of $826 million vs $831.3 million estimate.
CEO of Triumph Group also commented on the company's outlook: “Based on our strong performance year to date, current aircraft production rates, a weighted average share count of 52.0 million shares and revenue between $3.35 and $3.4 billion, we are raising our diluted per share earnings guidance from continuing operations for the full year to approximately $4.70 excluding integration costs.”
Triumph Group is currently trading at $63.09, a gain of $3.18 or 5.31%.
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