Triumph Group: Fiscal 4Q Earnings Snapshot
Posted May 28, 2020 06:54:33 AM.
Last Updated May 28, 2020 07:00:13 AM.
BERWYN, Pa. (AP) _ Triumph Group Inc. (TGI) on Thursday reported a loss of $75.1 million in its fiscal fourth quarter.
The Berwyn, Pennsylvania-based company said it had a loss of $1.45 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were 69 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The aircraft supplier posted revenue of $693.1 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $656.8 million.
For the year, the company reported that its loss narrowed to $28.1 million, or 56 cents per share. Revenue was reported as $2.9 billion.
Triumph Group shares have declined 68% since the beginning of the year. The stock has declined 61% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGI at https://www.zacks.com/ap/TGI
The Associated Press
