Tecnoglass Q3 Adj. EPS $0.98 Beats $0.97 Estimate, Sales $210.74M Beat $207.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tecnoglass reported Q3 earnings of $0.98 per share, beating the analyst consensus estimate of $0.97 by 1.03%. However, this is a 2.97% decrease from the same period last year. The company also reported quarterly sales of $210.74 million, beating the estimate of $207.61 million by 1.51%, and marking a 4.44% increase from the same period last year.
November 06, 2023 | 12:02 pm
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NEUTRAL IMPACT
Tecnoglass's Q3 earnings and sales beat estimates, but earnings are down from last year. Sales have increased from the same period last year.
While Tecnoglass beat earnings and sales estimates, the decrease in earnings from the same period last year could potentially concern investors. However, the increase in sales could offset this concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100