Tecnoglass: Q2 Earnings Snapshot

BARRIO LAS FLORES BARRANQUILLA, Colombia (AP) — BARRIO LAS FLORES BARRANQUILLA, Colombia (AP) — Tecnoglass Inc. (TGLS) on Tuesday reported second-quarter net income of $52.4 million.

On a per-share basis, the Barrio Las Flores Barranquilla, Colombia-based company said it had profit of $1.10. Earnings, adjusted for non-recurring costs, were $1.12 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.

The architectural glass maker posted revenue of $225.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $208.9 million.