SLINGERLANDS, N.Y. (AP) — SLINGERLANDS, N.Y. (AP) — Plug Power Inc. (PLUG) on Monday reported a loss of $846 million in its fourth quarter.
The Slingerlands, New York-based company said it had a loss of 63 cents per share. Losses, adjusted for non-recurring costs, came to 6 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The alternative energy company posted revenue of $225.2 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $220.7 million.
For the year, the company reported a loss of $1.63 billion, or $1.42 per share. Revenue was reported as $709.9 million.
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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 PLUG at https://www.zacks.com/ap/PLUG
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