Why Triumph Group Stock Tanked 10% After Beating Earnings
Shares of airplane parts-maker Triumph Group (NYSE: TGI) stock tumbled 10.6% through 1:30 p.m. EDT Thursday despite the company beating on both the top and bottom lines in its fiscal Q4 2021 earnings report this morning (yes, you read that right -- Triumph's calendar runs a little ahead of everyone else's).
Expected to earn only $0.08 per share (pro forma) on just $436.3 million in sales, Triumph instead reported a $0.10 per share adjusted profit, and quarterly sales of $466.8 million. Its stock fell anyway.
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Source Fool.com
