TPI Composites Q4 2023 Adj EPS $(1.63) Misses $(0.88) Estimate, Sales $296.99M Miss $342.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
TPI Composites (TPIC) reported Q4 2023 adjusted EPS of $(1.63), missing the $(0.88) estimate, with sales of $296.99M also missing the $342.96M estimate. This represents a 26.17% decrease in sales compared to the same period last year.
February 22, 2024 | 9:21 pm
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TPI Composites reported a significant miss in both adjusted EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
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