Advertisement

Why Triumph Group Stock Rocketed 45% Higher Today

Why Triumph Group Stock Rocketed 45% Higher Today

This big gain comes just a day after the stock rose sharply on news about developments (an asset sale and the inking of a supply contract with Boeing, among other things) that will allow it to better weather the impacts of COVID-19. Triumph reported adjusted earnings per share of $0.69 for the fiscal fourth quarter of 2020, a figure handily beating Wall Street's consensus estimate of $0.54. Also important for the company was the recent announcement from Boeing that it was starting to resume production of the 737 Max.