BURNABY, British Columbia (AP) 鈥� BURNABY, British Columbia (AP) 鈥� Ballard Power Systems Inc. (BLDP) on Tuesday reported a loss of $41.3 million in its first quarter.
On a per-share basis, the Burnaby, British Columbia-based company said it had a loss of 14 cents.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The fuel cell technology company posted revenue of $14.5 million in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $16.5 million.
The company’s shares closed at $2.83. A year ago, they were trading at $4.32.
_____
This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/BLDP
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
