Shares of Triumph Group Tumble 10+% Following News of Expected Added Program Costs Related to 747-8 Program for FY14
September 18, 2013 at 09:43 AM EDT
Triumph Group, Inc. (NYSE: TGI ) today announced that it expects to record pre-tax additional program costs during fiscal year 2014 totaling approximately $68.0 million, or $0.83 per diluted share, primarily associated with the 747-8 program. Of the total incremental costs, approximately $44.0 million, or $0.53 per diluted share, will be included in