SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — TPI Composites Inc. (TPIC) on Thursday reported a loss of $91.1 million in its second quarter.
The Scottsdale, Arizona-based company said it had a loss of $1.92 per share. Losses, adjusted to account for discontinued operations and asset impairment costs, were $1.23 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 69 cents per share.
The maker of composite wind blades posted revenue of $309.8 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $313.8 million.
TPI Composites expects full-year revenue in the range of $1.3 billion to $1.4 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
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