TPI Composites, Inc. Announces Third Quarter 2018 Earnings Results, 2019 Guidance and Preliminary Targets for 2020
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TPI Composites (TPIC) PT Lowered to $33 at Cowen
November 8, 2018 9:06 AM ESTCowen analyst Jeffrey Osborne lowered the price target on TPI Composites (NASDAQ: TPIC) to $33.00 (from $35.00) while maintaining a Outperform rating.
... MoreTPI Composites, Inc. (TPIC) Tops Q3 EPS by 33c, Revenues Miss; Offers FY18 & FY19 EPS/Revenue Guidance
November 7, 2018 4:24 PM ESTTPI Composites, Inc. (NASDAQ: TPIC) reported Q3 EPS of $0.26, $0.33 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $255 million versus the consensus estimate of $256.83 million.
We delivered solid operational and financial performance in the third quarter in which we exceeded our Adjusted EBITDA target, said Steven Lockard, TPI Composites President and Chief Executive Officer. During the third quarter, we expanded an existing multiyear supply agreement with Vestas for two manufacturing lines in our new manufacturing hub in Matamoros, Mexico; we expanded a supply agreement with GE in Mexico with GE... More
