TPI Composites: Q4 Earnings Snapshot
SCOTTSDALE, Ariz. (AP) _ TPI Composites Inc. (TPIC) on Thursday reported a loss of $87.3 million in its fourth quarter.
On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of $2.39. Losses, adjusted for restructuring costs and pretax expenses, were $1.57 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.62 per share.
The maker of composite wind blades posted revenue of $389.5 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $385.4 million.
For the year, the company reported a loss of $159.5 million, or $4.43 per share. Revenue was reported as $1.73 billion.