Tecnoglass Inc. (TGLS) released earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $47 million, or $1.00 per share. This compares with $36.3 million, or $0.77 per share, last year.
Excluding items, Tecnoglass Inc. reported adjusted earnings of $49.3 million or $1.05 per share for the period.
Analysts on average had expected the company to earn $0.87 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 23.1% to $239.6 million from $194.6 million last year.
Tecnoglass Inc. earnings at a glance (GAAP) :
-Earnings: $47 Mln. vs. $36.3 Mln. last year.
-EPS: $1.00 vs. $0.77 last year.
-Revenue: $239.6 Mln vs. $194.6 Mln last year.
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