Ballard: Q2 Earnings Snapshot

Associated Press Finance
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BURNABY, British Columbia (AP) — BURNABY, British Columbia (AP) — Ballard Power Systems Inc. (BLDP) on Wednesday reported a loss of $30.1 million in its second quarter.

The Burnaby, British Columbia-based company said it had a loss of 10 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The fuel cell technology company posted revenue of $15.3 million in the period, which matched Street forecasts.

The company's shares closed at $4.70. A year ago, they were trading at $8.88.

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

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