How To Earn $500 A Month From Tecnoglass Stock After Upbeat Q3 Earnings
Portfolio Pulse from Lisa Levin
Tecnoglass Inc (NYSE:TGLS) reported a 4.4% Y/Y revenue growth to $210.7 million, beating the consensus of $207.6 million, and adjusted EPS of 98 cents, beating the consensus of 97 cents. The company tightened its FY23 sales outlook to $835 million-$848 million and revised the adjusted EBITDA outlook to $300 million-$308 million. The company has a dividend yield of 1.19%, which is a quarterly dividend amount of 9 cents a share. However, the company's shares fell 12.1% to close at $30.13 on Monday.
November 07, 2023 | 1:42 pm
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Tecnoglass reported strong Q3 earnings and tightened its FY23 sales outlook, which could be seen as a positive sign by investors. However, the company's shares fell 12.1% on Monday, indicating a negative market reaction.
Tecnoglass reported strong Q3 earnings and tightened its FY23 sales outlook, which are positive indicators for the company's performance. However, the company's shares fell 12.1% on Monday, indicating a negative market reaction. This could be due to various factors, including market volatility or investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100