Triumph Group Inc. (TGI) announced that its second-quarter net income was $19.5 million or $1.17 per share, compared to $24.0 million, or $1.44 per share, for the second quarter of the prior year. Income from continuing operations for the second quarter of fiscal year 2010 was $20.7 million, or $1.25 per share, versus $25.1 million, or $1.51 per share, for the second quarter of the prior year.
Net sales for the second quarter totaled $313.1 million, down 3% from $323.4 million in the year-ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.18 per share on revenues of $312.41 million for the quarter. Analysts' estimates typically exclude special items.
The company reaffirmed its fiscal 2010 earnings per share from continuing operations outlook to be about $5.00 per share.
Analysts expect the company to report earnings of $5.03 per share for fiscal 2010.
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