TPI Composites Reports Preliminary Q2 Net Sales Of $380M, Consensus $406.08M
Portfolio Pulse from Benzinga Newsdesk
TPI Composites reported preliminary Q2 net sales of $380 million, which is below the consensus estimate of $406.08 million.
July 26, 2023 | 8:25 pm
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NEGATIVE IMPACT
TPI Composites' Q2 net sales fell short of consensus estimates, which could negatively impact the company's stock price in the short term.
TPI Composites' Q2 net sales were lower than expected, which could lead to a decrease in investor confidence and a potential drop in the company's stock price. The magnitude of the impact will depend on how much weight investors place on this earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100