Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Latest Earnings Bring Wave of Supply-Chain, Inflation Alarms (1)

Nov. 10, 2021, 4:42 PM

As U.S. companies roll out third-quarter earnings, more and more are citing supply-chain woes and inflation as the source of hits to their financial results. After data Wednesday showed consumer prices accelerated at the fastest pace since 1990, the S&P 500 fell as much as 0.5% before leveling out to a 0.2% decline.

Here some of the latest companies to report a negative impact from inflation and supply-chain challenges:

TPI Composites

  • Wind-blade manufacturer TPI Composites Inc. fell the most in eight months after it warned supply-chain issues were affecting profitability and liquidity
    • Company also said it breached a loan covenant ...