Yahoo Finance Why Trinity (TRN) Stock Is Up Today
What Happened:
Shares of railcar products and services provider Trinity Industries (NYSE:TRN) jumped 11% in the morning session after the company reported second-quarter earnings results that blew past analysts' EPS expectations. Its revenue also outperformed Wall Street's estimates. On the other hand, its backlog missed. Regardless, it was encouraging that the compamny raised full year guidance to a range of $1.55 to $1.7 (vs. previous guidance of $1.35 to $1.55). Overall, this was a strong quarter that should satisfy shareholders.
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What is the market telling us:
Trinity's shares are somewhat volatile and over the last year have had 8 moves greater than 5%. But moves this big are very rare even for Trinity and that is indicating to us that this news had a significant impact on the market's perception of the business.
Trinity is up 39% since the beginning of the year, and at $36.99 per share, has set a new 52-week high. Investors who bought $1,000 worth of Trinity's shares 5 years ago would now be looking at an investment worth $1,891.
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