Tecnoglass: 3Q Earnings Snapshot
BARRIO LAS FLORES BARRANQUILLA, Colombia (AP) _ Tecnoglass Inc. (TGLS) on Wednesday reported a third-quarter loss of $1.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Barrio Las Flores Barranquilla, Colombia-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs, came to 18 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The architectural glass maker posted revenue of $108.5 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $103 million.
Tecnoglass expects full-year revenue in the range of $430 million to $440 million.
Tecnoglass shares have risen nearly 9% since the beginning of the year. The stock has increased 13% in the last 12 months.