Bloom Energy: Q3 Earnings Snapshot
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Bloom Energy Corp. (BE) on Wednesday reported a loss of $169 million in its third quarter.
The San Jose, California-based company said it had a loss of 80 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 15 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The developer of fuel cell systems posted revenue of $400.3 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $362.8 million.
Bloom Energy expects full-year revenue in the range of $1.4 billion to $1.5 billion.
Bloom Energy shares have dropped 48% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.03, a fall of 49% 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
