SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Bloom Energy Corp. (BE) on Thursday reported a loss of $14.7 million in its third quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 6 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The developer of fuel cell systems posted revenue of $330.4 million in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $385.9 million.
Bloom Energy expects full-year revenue in the range of $1.4 billion to $1.6 billion.
Bloom Energy shares have declined 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.67, an increase of 7.5% 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
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