Bloom Energy shares sink in after-hours trade after wider-than-expected loss and revenue miss

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Bloom Energy Corp. (BE) shares slid 2.2% in after-hours trade Thursday, after the company posted a wider-than-expected third-quarter loss and revenue that lagged estimates. The company said it had a net loss of $52.4 million, or 30 cents a share, for the quarter, wider than the loss of $11.9 million, or 9 cents a share, posted in the year-earlier period. The company’s adjusted per-share loss was 20 cents, wider than the 9 cents loss-per-share FactSet consensus. Revenue edged up to $207.2 million from $200.3 million, below the FactSet consensus of $239.0 million. Shares have gained about 5% in the year to date, while the S&P 500 has gained 24.6%.

-Ciara Linnane

 

(END) Dow Jones Newswires

11-04-21 1618ET

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