SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — TPI Composites Inc. (TPIC) on Thursday reported a loss of $40.1 million in its third quarter.
The Scottsdale, Arizona-based company said it had a loss of 84 cents per share. Losses, adjusted for asset impairment costs and to account for discontinued operations, came to 65 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The maker of composite wind blades posted revenue of $380.8 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $346.5 million.
TPI Composites expects full-year revenue of $1.35 billion.
_____
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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.