Tecnoglass Q1 2024 Adj EPS $0.66 Misses $0.67 Estimate, Sales $192.627M Beat $191.039M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tecnoglass reported Q1 2024 adjusted EPS of $0.66, missing the consensus estimate of $0.67 by 1.49%. Sales were $192.627M, exceeding estimates by 0.83% but marking a 4.94% decrease from the previous year.
May 09, 2024 | 11:05 am
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Tecnoglass Q1 2024 earnings missed EPS estimates but beat sales forecasts, with a year-over-year sales decline.
The slight miss in EPS might concern investors, but the beat on sales forecasts could offset negative sentiment. The year-over-year sales decline is notable, but the overall impact is likely to be neutral in the short term as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100