Tecnoglass: 4Q Earnings Snapshot
BARRIO LAS FLORES BARRANQUILLA, Colombia (AP) _ Tecnoglass Inc. (TGLS) on Monday reported fourth-quarter net income of $10.9 million, after reporting a loss in the same period a year earlier.
The Barrio Las Flores Barranquilla, Colombia-based company said it had net income of 23 cents per share. Earnings, adjusted for non-recurring gains, were 16 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The architectural glass maker posted revenue of $101.4 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $103.7 million.
For the year, the company reported profit of $24.5 million, or 55 cents per share. Revenue was reported as $430.9 million.
Tecnoglass expects full-year revenue in the range of $445 million to $455 million.
Tecnoglass shares have declined 12% since the beginning of the year. The stock has dropped 17% in the last 12 months.