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NetworkNewsBreaks – Tecnoglass, Inc. (NASDAQ: TGLS) Posts Q2 Results, Lowers FY Guidance; Shares at New 52-Week Low

Company: Tecnoglass, Inc. (TGLS)
Category: News

Shares of Tecnoglass (NASDAQ: TGLS) reached a new 52-week low after the company reported second-quarter results, lowered its full-year 2017 outlook, and announced a 12% increase in its quarterly dividend to $0.14 for Q3. The manufacturer of architectural glass, windows and aluminum products reported total revenues of $81.0 million, an increase of 1.5% over the prior-year period. Adjusted net loss for the quarter was $2.6 million, or $0.08 per diluted share, compared to $9.3 million, or $0.28 per share. Tecnoglass now expects full-year revenues in the range of $320 million-$330 million compared to previous guidance of $360 million-$390 million.

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