Why Shares of Triumph Group Are Falling Today
Shares of Triumph Group (NYSE: TGI) surged Thursday after the company reported better-than-expected earnings. On Friday the stock was falling back to Earth some, down 10% in early trading as investors dig deeper into the challenges the aerospace component manufacturer faces in the quarters to come.
First the good news: Triumph handily beat Wall Street's consensus earnings estimate in its fiscal fourth quarter, and as importantly was able to shed some of the money-losing businesses that have been weighing on results. Triumph in recent years has been plagued by inconsistent results, and the quarter showed positive signs that the company's transformation is taking hold.
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Source Fool.com
