BURNABY, British Columbia (AP) — BURNABY, British Columbia (AP) — Ballard Power Systems Inc. (BLDP) on Thursday reported a loss of $28.1 million in its third quarter.
On a per-share basis, the Burnaby, British Columbia-based company said it had a loss of 9 cents.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The fuel cell technology company posted revenue of $32.5 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $23.9 million.
The company’s shares closed at $3.43. A year ago, they were trading at $1.27.
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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 BLDP at https://www.zacks.com/ap/BLDP
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