Triumph Group Inc. Q2 Income Drops 10%

(RTTNews) - Triumph Group Inc. (TGI) released earnings for second quarter that dropped compared to the same period last year.

The company said its bottom line declined to $65.10 million, or $1.32 per share. This was down from $72.49 million, or $1.42 per share, in last year's second quarter.

Analysts had expected the company to earn $1.27 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.0% to $954.77 million. This was down from $994.12 million last year.

Triumph Group Inc. earnings at a glance:

-Earnings (Q2): $65.10 Mln. vs. $72.49 Mln. last year. -Earnings Decline (Y-o-Y): -10.2% -EPS (Q2): $1.32 vs. $1.42 last year. -EPS Decline (Y-o-Y): -7.0% -Analysts Estimate: $1.27 -Revenue (Q2): $954.77 Mln vs. $994.12 Mln last year. -Revenue Change (Y-o-Y): -4.0%

-Guidance: Full year EPS guidance: $5.50 - $5.75 Full year revenue guidance: $3.9 - $4.0 Bln