Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Triumph Group Stock Triumphed This Week

TheMotleyFool

0 0

Why Triumph Group Stock Triumphed This Week: https://g.foolcdn.com/editorial/images/733292/the-port-fuselage-of-a-plane-at-dawn-or-dusk.jpg

Triumph Group (NYSE: TGI) is an apt name for a company that thrashed the exchange this week. Over the last five trading days, Triumph's shares rocketed almost 18% skyward, according to data compiled by S&P Global Market Intelligence. That was a far better performance than the sub-2% increase of the S&P 500 index over that span of time.

Investors were cheered by the company's latest set of quarterly results, accompanied by a generous analyst price target increase.

For its fourth quarter of fiscal 2023, Triumph's sales enjoyed a 14% year-over-year increase to land at just over $393 million. Non-GAAP (adjusted) net income, meanwhile, came in at $34.5 million ($0.39 per share).

Source Fool.com

Like: 0

TGI

Share