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Home / Business / After the company’s third quarter sales disappointed, Bloom Energy shares fell 13%

After the company’s third quarter sales disappointed, Bloom Energy shares fell 13%



Bloom Energy Corp. (BE) stock,
+ 0.82%
The alternative energy company fell more than 13% after hours on Wednesday after the company announced that its adjusted loss for the third quarter was narrower than expected, but sales were lower than expected. Bloomberg said that the quarter lost 12 million US dollars, or 9 cents per share, compared with a loss of 52 million US dollars in the same period last year, or 44 cents per share. After a one-time adjustment, Bloom lost 4 cents per share, compared with 1

2 cents per share in the same period last year. Bloom said that sales fell to $200 million from $224 million a year ago. On average, analysts surveyed by FactSet expected Bloomberg to lose 16 cents per share in the second quarter and sales of $225 million. Bloomberg shares rose 0.8%.


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