Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of aircraft components specialist Triumph Group
So what: The market action on Triumph's stock today appears to be largely driven by the broader market sell-off. For its fiscal second quarter, the company's top line fell short of analyst expectations, clocking in at $790.5 million versus the $840.5 million average estimate. The company said the softness was primarily due to lower non-recurring revenue, particularly in relation to its work with Boeing's
Now what: If the current-quarter results weren't enough, the company also decided to boost its full-year outlook, taking its per-share profit goal for the year to $4.50. Analysts' estimates had full-year profit at $4.41 per share.
But will investors step back from the red in the rest of the market and see Triumph's results and outlook as, well, more triumphant than they currently are? That remains to be seen. However, the good news for shareholders is that while the market can sometimes act a little blockheaded, a growing business and higher profits can only go ignored for so long.
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Fool contributor Matt Koppenheffer does not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.