Tower International Commo Earnings: Everything You Must Know Now
Tower International, Inc. Commo (NYSE:TOWR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Tower International, Inc. Commo Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 39.13% to $0.32 in the quarter versus EPS of $0.23 in the year-earlier quarter.
Revenue: Decreased 13.53% to $534 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tower International, Inc. Commo reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.09. It beat the average revenue estimate of $519.81 million.
Quoting Management: “The accretive sale of our Korean operations in late December, the strong execution and results in the first quarter, and the successful debt re-financing in April have materially strengthened Tower’s present financial condition and our future business outlook,” said President and CEO Mark Malcolm.
Key Stats (on next page)…
Revenue increased 105.66% from $259.65 million in the previous quarter. EPS increased 540% from $0.05 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.61 to a profit $0.69. For the current year, the average estimate has moved up from a profit of $1.13 to a profit of $1.28 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)