TPI Composites Q3 EPS $(1.71) Misses $(0.58) Estimate, Sales $372.86M Miss $381.99M Estimate
Portfolio Pulse from mahesh@benzinga.com
TPI Composites (NASDAQ:TPIC) reported Q3 losses of $(1.71) per share, missing the analyst consensus estimate of $(0.58) by 194.83%. This is a 338.46% decrease over losses of $(0.39) per share from the same period last year. The company also reported quarterly sales of $372.86 million, missing the analyst consensus estimate of $381.99 million by 2.39%. This is a 18.81% decrease over sales of $459.27 million the same period last year.
November 02, 2023 | 9:02 pm
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TPI Composites reported a significant miss in its Q3 earnings and sales, with losses per share and sales both falling short of analyst estimates.
TPI Composites reported a significant miss in its Q3 earnings and sales, which were both below analyst estimates. This is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
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