Tecnoglass Falls 11%
(RTTNews) - Tecnoglass Inc. (TGLS) shares are sliding more than 11 percent on Monday morning trade after the company reported a decline in third quarter earnings, compared to the prior year.
Quarterly profit declined to $46.09 million from $46.92 million in the previous year. On a per share basis, earnings were $0.97, down from $0.98 last year.
Currently, shares are at $30.55, down 10.83 percent from the previous close of $34.26 on a volume of 792,540.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.