Triumph Group (TGI) Trades Higher on Strong Q2 Earnings, Increased FY11 EPS Outlook
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Triumph Group (NYSE: TGI) shares have opened stronger today, following the company's second quarter earnings release, coupled with increased guidance, which came out after the market closed yesterday. Shares are up about 3.3% on heightened volume.
TGI reported a Q2 operating EPS of $1.70, beating the analyst estimate of $1.48. Revenue for the quarter was $769.1 million, which compares to the estimate of $792.82 million.
The company also revised their FY11 EPS outlook to be about $6.60 per share, compared to the consensus of $6.14. The outlook is a 10% increase from the $6.00 per share guidance given with Q111 results.
CEO and Chairman Richard C. Ill, Triumph said, "...we are confident that we will continue to grow our revenue and earnings for the balance of the fiscal year and beyond.”
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TGI reported a Q2 operating EPS of $1.70, beating the analyst estimate of $1.48. Revenue for the quarter was $769.1 million, which compares to the estimate of $792.82 million.
The company also revised their FY11 EPS outlook to be about $6.60 per share, compared to the consensus of $6.14. The outlook is a 10% increase from the $6.00 per share guidance given with Q111 results.
CEO and Chairman Richard C. Ill, Triumph said, "...we are confident that we will continue to grow our revenue and earnings for the balance of the fiscal year and beyond.”
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