Why Trinity Industries Shares Are Falling Today
Portfolio Pulse from Lekha Gupta
Trinity Industries Inc (NYSE:TRN) reported Q2 FY23 revenue growth of 73% Y/Y to $722.4 million, beating the consensus of $613.9 million. However, its adjusted EPS of $0.23 missed the consensus of $0.33. The company's operating profit and adjusted EBITDA also increased. Despite positive industry trends expected in the second half of the year, the company's shares are trading lower by 8.43% at $24.01.
August 01, 2023 | 3:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Trinity Industries' Q2 FY23 results beat revenue expectations but missed on EPS. Despite positive future outlook, shares fell by 8.43%.
Trinity Industries reported strong Q2 FY23 results with a significant increase in revenue. However, the company's EPS missed the consensus, which could have led to the drop in the share price. Despite the company's positive outlook for the second half of the year, investors may be reacting to the lower than expected EPS.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100