Why Triumph Group Lost Altitude This Week
Issues at are further delaying a long-awaited rebound at supplier Triumph Group (NYSE: TGI).
Shares of the aerospace component manufacturer traded down as much as 11.8% this week, according to data provided by S&P Global Market Intelligence, and were down 6% for the week heading into the close on Friday, as a strong earnings report was offset by weak guidance about the quarters to come.
Triumph Group is one of the longest-running turnaround stories in the aerospace sector. The company's shares have lost about 80% of their value over the last decade and have remained mired near those lows since before the pandemic, hampered by unprofitable contracts and supply issues.
Source Fool.com
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