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Ballard reports 1Q loss

BURNABY, British Columbia (AP) _ Ballard Power Systems Inc. (BLDP) on Monday reported a loss of $2.9 million in its first quarter.

The Burnaby, British Columbia-based company said it had a loss of 2 cents per share.

The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 2 cents per share.

The fuel cell technology company posted revenue of $22.7 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $24.7 million.

In the final minutes of trading on Monday, the company's shares hit $3.17. A year ago, they were trading at $1.60.


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


Keywords: Ballard Power Systems, Earnings Report