Tecnoglass: Shines on upbeat results, FY rev forecast raise

Tecnoglass Holdings

09/08/2019 15:47

** Architectural glass maker's shares  TGLS.O  rise as much
as 11.9% to $7.82
    ** Tecnoglass posts Q2 revenue of $113.9 mln, above Wall
Street estimates of $97.6 mln 
    ** TGLS Q2 adjusted EPS was 20 cents, beating estimates of
17 cents
    ** Co also raises FY rev forecast to a range of $415
mln-$430 mln, from $395 mln-$415 mln  urn:newsml:reuters.com:*:nGNX4qZ1fm
    ** All the 5 brokerages covering the stock rate it "buy" or
higher; their median PT $10
    ** Including session's gains, stock has almost erased YTD
losses

 (Reporting by Shivani Singh)
 ((ShivaniSingh1@thomsonreuters.com;))