Plug Power Results Come in Below Street View Following Warning

Dow Jones2022-11-09

Plug Power Inc. shares fluctuated between small gains and losses in the extended session Tuesday after the hydrogen- and fuel-cell systems company made good on its warning a few weeks ago and results fell below Wal Street expectations.

Plug Power (PLUG) shares were last down about 3% after hours, following a 1.1% decline in the regular session to close at $14.81.

The company reported a third-quarter loss of $170.8 million, or 30 cents a share, compared with a loss of $106.7 million, or 19 cents a share, in the year-ago period.

Revenue rose to $188.6 million from $143.9 million in the year-ago quarter.

Prior to a warning issued by the company in mid-October that full-year revenue could be 5% to 10% below previous guidance, analysts surveyed by FactSet had forecast a loss of 24 cents a share on revenue of $240.6 million.

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Comments

Jeffso
2022-11-09
Jeffso
Ok
Juris88
2022-11-09
Juris88
Still a good company to invest in the long run.
- BullishKing:
  ok
FrankieTok
2022-11-09
FrankieTok
Ok
Geoz88
2022-11-09
Geoz88
Yespecially

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