Triumph Group Inc. Q1 Profit Declines 20%

(RTTNews) - Triumph Group Inc. (TGI) released earnings for first quarter that declined from last year.

The company said its profit dropped to $51.57 million, or $1.04 per share. This was down from $64.60 million, or $1.31 per share, in last year's first quarter.

Analysts had expected the company to earn $0.94 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.9% to $893.25 million. This was down from $959.64 million last year.

Triumph Group Inc. earnings at a glance:

-Earnings (Q1): $51.57 Mln. vs. $64.60 Mln. last year. -Earnings Decline (Y-o-Y): -20.2% -EPS (Q1): $1.04 vs. $1.31 last year. -EPS Decline (Y-o-Y): -20.6% -Analysts Estimate: $0.94 -Revenue (Q1): $893.25 Mln vs. $959.64 Mln last year. -Revenue Change (Y-o-Y): -6.9%

-Guidance: Full year EPS guidance: $3.15 - $3.45 Full year revenue guidance: $3.6 - $3.7 Bln