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Maxwell reports 4Q loss

SAN DIEGO (AP) _ Maxwell Technologies Inc. (MXWL) on Tuesday reported a loss of $12.2 million in its fourth quarter.

On a per-share basis, the San Diego-based company said it had a loss of 38 cents. Losses, adjusted for stock option expense and asset impairment costs, came to 23 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The energy storage and power delivery company posted revenue of $26.4 million in the period.

For the year, the company reported that its loss widened to $23.7 million, or 74 cents per share. Revenue was reported as $121.2 million.

For the current quarter ending in April, Maxwell said it expects revenue in the range of $25 million to $27 million.

Maxwell shares have fallen nearly 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.08, a drop of 11 percent in the last 12 months.


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


Keywords: Maxwell Technologies, Earnings Report