Ballard: Q4 Earnings Snapshot
BURNABY, British Columbia (AP) — BURNABY, British Columbia (AP) — Ballard Power Systems Inc. (BLDP) on Friday reported a loss of $34.4 million in its fourth quarter.
On a per-share basis, the Burnaby, British Columbia-based company said it had a loss of 12 cents.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The fuel cell technology company posted revenue of $20.5 million in the period, falling short of Street forecasts. Nine analysts surveyed by Zacks expected $28.6 million.
For the year, the company reported that its loss widened to $173.5 million, or 58 cents per share. Revenue was reported as $83.8 million.
Ballard shares have climbed roughly 7% since the beginning of the year. The stock has decreased 53% 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 BLDP at https://www.zacks.com/ap/BLDP