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Bloom Energy: 3Q Earnings Snapshot

·1 min read

SAN JOSE, Calif. (AP) _ Bloom Energy Corp. (BE) on Thursday reported a loss of $12 million in its third quarter.

The San Jose, California-based company said it had a loss of 9 cents per share. Losses, adjusted for one-time gains and costs, came to 4 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The developer of fuel cell systems posted revenue of $200.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $222.9 million.

Bloom Energy shares have climbed 97% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.72, rising fivefold in the last 12 months.

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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 BE at https://www.zacks.com/ap/BE