SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — TPI Composites Inc. (TPIC) on Monday reported a loss of $48.3 million in its first quarter.
On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of $1.01.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.
The maker of composite wind blades posted revenue of $336.2 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $313 million.
TPI Composites expects full-year revenue in the range of $1.4 billion to $1.5 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
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
