ADVERTISEMENT

Tecnoglass: Q1 Earnings Snapshot

May 4, 2022 GMT

BARRIO LAS FLORES BARRANQUILLA, Colombia (AP) _ Tecnoglass Inc. (TGLS) on Wednesday reported first-quarter net income of $21 million.

The Barrio Las Flores Barranquilla, Colombia-based company said it had net income of 44 cents per share. Earnings, adjusted for non-recurring costs, were 53 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The architectural glass maker posted revenue of $134.5 million in the period.

Tecnoglass expects full-year revenue in the range of $580 million to $605 million.

_____

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