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Aspen Aerogels reports 4Q loss

NORTHBOROUGH, Mass. (AP) _ Aspen Aerogels Inc. (ASPN) on Thursday reported a fourth-quarter loss of $5.7 million, after reporting a profit in the same period a year earlier.

The Northborough, Massachusetts-based company said it had a loss of 25 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The maker of insulation products posted revenue of $27.6 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $28.9 million.

For the year, the company reported that its loss widened to $12 million, or 52 cents per share. Revenue was reported as $117.7 million.

Aspen Aerogels expects full-year earnings to be 78 cents to 91 cents per share, with revenue in the range of $102 million to $112 million.

In the final minutes of trading on Thursday, the company's shares hit $4.11. A year ago, they were trading at $3.78.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASPN at https://www.zacks.com/ap/ASPN


Keywords: Aspen Aerogels, Earnings Report