TPI Composites shares are trading lower after the company reported preliminary Q2 revenue below the consensus and cut FY23 revenue guidance.
Portfolio Pulse from Bill Haddad
TPI Composites has reported preliminary Q2 revenue below consensus and has reduced its FY23 revenue guidance. This has led to a decrease in the company's share price.
July 27, 2023 | 5:21 pm
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NEGATIVE IMPACT
TPI Composites' shares are trading lower due to disappointing Q2 revenue and a cut in FY23 revenue guidance.
TPI Composites' shares are trading lower as the company reported lower than expected Q2 revenue and reduced its FY23 revenue guidance. This negative financial performance is likely to impact investor sentiment and could lead to a decrease in the company's share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100