Triumph Group: Fiscal Q1 Earnings Snapshot
By AP News
Published - Aug 07, 2024, 06:18 AM ET
Last Updated - Aug 07, 2024, 06:18 AM EDT
RADNOR, Pa. (AP) — RADNOR, Pa. (AP) — Triumph Group Inc. (TGI) on Wednesday reported a loss of $14.1 million in its fiscal first quarter.
The Radnor, Pennsylvania-based company said it had a loss of 18 cents per share. Losses, adjusted for one-time gains and costs, were 6 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The aircraft supplier posted revenue of $281 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $269.8 million.
