Bloom Energy Rallies After Adjusted Earnings and Revenue Beat Estimates

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Bloom Energy Rallies After Adjusted Earnings and Revenue Beat Estimates

Dow Jones2023-02-10

Bloom Energy Corp. (BE) stock is up about 8% in aftermarket trades Thursday after the company beat analyst estimates for adjusted profit and revenue.

The company said its fourth-quarter net loss widened to $47.17 million, or 23 cents a share, from a loss of $33.32 million, or 19 cents a share, in the year-ago quarter. Adjusted profit in the fourth quarter totaled 27 cents a share, ahead of the Wall Street estimate of 9 cents a share, according to data from FactSet.

Revenue increased to $462.58 million from $342.47 million, in the year-ago quarter, well ahead of the analyst estimate of $398.7 million.

Looking ahead, Bloom Energy said it expects 2023 revenue of $1.4 billion to $1.5 billion, compared to the analyst estimate of $1.48 billion.

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Liuliusg
·2023-02-10
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