TriMas Shares Rise 10% Despite Q3 Earnings Missing Estimates
TriMas (TRS) ZACKS·2024-11-12 02:10
TriMas Corporation’s (TRS) shares gained 10% since it reported its third-quarter 2024 earnings on Nov. 4. TriMas reported third-quarter 2024 adjusted earnings per share (EPS) of 43 cents (including non-cash compensation expenses), which missed the Zacks Consensus Estimate of 57 cents. The bottom line declined 31.7% from the prior-year quarter due to weak demand in the Specialty Products segment and delayed shipments due to a 10-week work stoppage at an aerospace location. Despite weaker-than-expected earnin ...