TPI Composites (TPIC) Reports Q3 Loss, Tops Revenue Estimates
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TPI Composites (TPIC) reported a Q3 loss of $0.65 per share, which was larger than the Zacks Consensus Estimate of a $0.18 loss. However, this is an improvement from the $1.71 loss per share a year ago.
November 08, 2024 | 1:30 am
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TPI Composites reported a Q3 loss of $0.65 per share, missing the Zacks Consensus Estimate of a $0.18 loss. Despite the miss, the loss is an improvement from last year's $1.71 per share.
The larger-than-expected loss per share is likely to negatively impact TPIC's stock price in the short term. However, the improvement from last year's loss and exceeding revenue expectations may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100