Tecnoglass Inc. (TGLS) stock surged 6.34% in the pre-market trading session on Thursday, following 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, surpassing the consensus analyst estimate of $1.02. The company's operating revenue for the quarter came in at $239.6 million, slightly above 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, while analysts surveyed by FactSet expected $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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