TPI Composites: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 05:57 PM ET
Last Updated - Jun 21, 2023, 11:11 PM EDT
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — TPI Composites Inc. (TPIC) on Wednesday reported a loss of $22.1 million in its first quarter.
On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of 88 cents. Losses, adjusted to account for discontinued operations, were 72 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
The maker of composite wind blades posted revenue of $404.1 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $383.2 million.
