SAN DIEGO (AP) — SAN DIEGO (AP) — Beam Global (BEEM) on Monday reported a loss of $3 million in its first quarter.
On a per-share basis, the San Diego-based company said it had a loss of 21 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The company posted revenue of $14.6 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $17.7 million.
Beam Global shares have dropped slightly more than 7% since the beginning of the year. The stock has dropped 38% 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 BEEM at https://www.zacks.com/ap/BEEM
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