Why Is Aerospace Company Triumph Stock Tumbling Today?
Portfolio Pulse from Lekha Gupta
Triumph Group, Inc. (NYSE:TGI) shares are down 13.5% after reporting Q4 FY24 results. Despite beating sales and EPS estimates, the company's FY25 outlook fell short of expectations. Investors can also gain exposure via Gabelli Commercial Aerospace And Defense ETF (NYSE:GCAD).
May 23, 2024 | 2:46 pm
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Gabelli Commercial Aerospace And Defense ETF (NYSE:GCAD) may see some impact due to its exposure to Triumph Group, Inc. (NYSE:TGI), which reported mixed Q4 FY24 results and a disappointing FY25 outlook.
GCAD ETF has exposure to TGI, which saw a significant stock price drop. This could negatively impact the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Triumph Group, Inc. (NYSE:TGI) shares fell 13.5% after the company reported Q4 FY24 results. Despite beating sales and EPS estimates, the FY25 outlook was below expectations, leading to a negative market reaction.
The stock price decline is primarily due to the company's FY25 outlook falling short of market expectations, despite positive Q4 results. This indicates investor concerns about future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100