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Triumph Group Q4 Profit Rises - Quick Facts

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5/2/2012 7:41 PM ET

Triumph Group Inc. (TGI: Quote) Wednesday reported an increase in profit for the fourth quarter, due mainly to higher revenues.

The Berwyn, Pennsylvania-based company reported fourth-quarter net profit of $106.25 million or $2.03 per share, compared to $52.34 million or $1.02 per share last year.

For the quarter, income from continuing operations rose to $106.25 million or $2.03 per share from $54.03 million or $1.05 per share in the similar quarter last year.

Excluding acquisition and integration costs and curtailment gain, income from continuing operations increased to $81.90 million or $1.57 per share from $54.82 million or $1.07 per share in the similar quarter last year. On average, eight analysts polled by Thomson Reuters expected the company to earn $1.31 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 3 percent to $946.38 million from $919.09 million in the prior-year quarter. Eleven analysts had a consensus revenue estimate of $919.64 million for the quarter.

Looking ahead, the company's Chairman and Chief Executive Richard Ill said, "We are entering our new fiscal year with a very strong backlog and a very solid balance sheet. We project sales in the range of $3.5 billion to $3.7 billion and earnings per share from continuing operations for the fiscal year of $5.45 to $5.55 per diluted share, excluding integration costs."

Analysts currently expect earnings of $4.77 per share for the year, with revenues of $3.38 billion.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
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