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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(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 ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BE","symbol_name":"Bloom Energy Corp","start_time":0,"source_url":"","article_id":"2310650908","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2310650908","pubTimestamp":1675987950,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Bloom Energy Corp. 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