Triumph Group Inc. Q2 Profit Drops 24%

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

The company said its earnings declined to $49.38 million, or $1.00 per share. This was down from $65.10 million, or $1.32 per share, in last year's second quarter.

Analysts had expected the company to earn $0.78 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.4% to $874.77 million. This was down from $954.77 million last year.

Triumph Group Inc. earnings at a glance:

-Earnings (Q2): $49.38 Mln. vs. $65.10 Mln. last year. -Earnings Decline (Y-o-Y): -24.1% -EPS (Q2): $1.00 vs. $1.32 last year. -EPS Decline (Y-o-Y): -24.2% -Analysts Estimate: $0.78 -Revenue (Q2): $874.77 Mln vs. $954.77 Mln last year. -Revenue Change (Y-o-Y): -8.4%

-Guidance: Full year EPS guidance: $3.15 - $3.45 Full year revenue guidance: $3.5 - $3.6 Bln