TPI Composites: Q2 Earnings Snapshot

Associated Press Finance
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SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — TPI Composites Inc. (TPIC) on Thursday reported a loss of $65.2 million in its second quarter.

On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of $1.90.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 88 cents per share.

The maker of composite wind blades posted revenue of $381.3 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $380.2 million.

TPI Composites expects full-year revenue in the range of $1.53 billion to $1.58 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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