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TPI Composites: Q4 Earnings Snapshot

February 24, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TPIC at https://www.zacks.com/ap/TPIC