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The filed complaint alleges that Triumph Financial, Inc. made materially false and/or misleading statements and/or failed to disclose that: On January 22, 2025, after market close, Triumph published a quarterly earnings report stating that it had a profit of $0.13 per share, missing the Zacks Consensus Estimate of $0.26 per share by 50%. Triumph CEO Aaron Graft also stated that first quarter 2025 earnings are expected to be even lower, operating expenses are expected to increase, and that the company does not anticipate material revenue will be generated from recently announced initiatives during the first half of 2025. Following this news, Triumph’s stock price fell 3.6% to open at $88.70 per share on January 23, 2025.
In order to be eligible to join the TFIN class action lawsuit, you must have incurred a loss on shares of Triumph Financial, Inc. purchased during the class period listed above.
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