Triumph Group Q3 Adj. EPS $(0.16) Misses $0.14 Estimate, Sales $285.00M Miss $368.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Triumph Group (NYSE:TGI) reported Q3 adjusted EPS of $(0.16), missing the $0.14 estimate, and sales of $285.00M, missing the $368.39M estimate. This represents a 500% decrease in EPS and an 8.90% increase in sales from the same period last year.
February 07, 2024 | 11:04 am
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NEGATIVE IMPACT
Triumph Group reported a significant miss in Q3 adjusted EPS and sales, with a 500% decrease in EPS and an 8.90% increase in sales year-over-year.
The significant miss in both EPS and sales estimates, especially the 500% decrease in EPS compared to the same period last year, is likely to negatively impact investor sentiment and the stock price in the short term. The increase in sales year-over-year may not be sufficient to offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100