Tecnoglass Inc. (NYSE: TGLS) shares surged 5.16% in the pre-market trading session on Thursday, with the stock likely benefitting from the company's better-than-expected fourth quarter 2024 earnings results and an optimistic revenue outlook for 2025.
For the fourth quarter ended December 31, 2024, Tecnoglass reported adjusted earnings per share of $1.05, exceeding the consensus analyst estimate of $1.02. The company's revenue for the quarter came in at $239.57 million, narrowly beating the $239.4 million forecast by analysts.
Furthermore, Tecnoglass provided an upbeat revenue guidance range of $940 million to $1.02 billion for the full year 2025, with analysts surveyed by FactSet expecting $977.2 million in revenue. The strong quarterly performance and positive outlook appeared to be fueling the pre-market rally in Tecnoglass shares, as investors reacted positively to the company's results.
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