Ballard: Q4 Earnings Snapshot

BURNABY, British Columbia (AP) — BURNABY, British Columbia (AP) — Ballard Power Systems Inc. (BLDP) on Monday reported a loss of $51.2 million in its fourth quarter.

On a per-share basis, the Burnaby, British Columbia-based company said it had a loss of 17 cents. Losses, adjusted to account for discontinued operations, came to 16 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The fuel cell technology company posted revenue of $46.8 million in the period, which topped Street forecasts. Nine analysts surveyed by Zacks expected $34.3 million.

For the year, the company reported that its loss widened to $177.7 million, or 59 cents per share. Revenue was reported as $102.4 million.

The company's shares closed at $3.31. A year ago, they were trading at $5.59.

_____

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