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TPI Composites: 3Q Earnings Snapshot

SCOTTSDALE, Ariz. (AP) _ TPI Composites Inc. (TPIC) on Wednesday reported third-quarter earnings of $9.5 million.

On a per-share basis, the Scottsdale, Arizona-based company said it had profit of 26 cents. Losses, adjusted for pretax gains, came to 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The maker of composite wind blades posted revenue of $255 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $264.3 million.

TPI Composites expects full-year earnings to be 32 cents to 39 cents per share, with revenue in the range of $1 billion to $1.05 billion.

TPI Composites shares have risen 34 percent since the beginning of the year. The stock has climbed 17 percent in the last 12 months.


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