SAN DIEGO (AP) — SAN DIEGO (AP) — Beam Global (BEEM) on Thursday reported third-quarter net income of $1.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the San Diego-based company said it had profit of 9 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The company posted revenue of $11.5 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $16.1 million.
In the final minutes of trading on Thursday, the company’s shares hit $4.24. A year ago, they were trading at $6.61.
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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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