FuelCell Energy (FCEL) Loss Narrower Than Expected In Q3
Zacks Investment Research | Sep 07, 2016 10:23PM ET
FuelCell Energy (NASDAQ:FCEL) reported a loss of 38 cents per share in third-quarter fiscal 2016, which was narrower than the Zacks Consensus Estimate of a loss of 39 cents.
However, the reported loss was much wider than the year-ago tally of 29 cents.
Revenues
Revenues in the reported quarter came in at $21.7 million, lagging the Zacks Consensus Estimate of $32 million by 32.2% and declining 47.6% from the year-ago figure of $41.4 million.
Segment Details
Product sales totaled $13.7 million in the third quarter of fiscal 2016 compared with $31.1 million the prior-year period. The decrease was due to lower equipment, procurement and construction revenues, and lower sales in Asia.
Service agreements and license revenues were $4.5 million compared with $7.0 million in third-quarter fiscal 2015. The decrease was due to fewer service module replacements.
Advanced Technologies contract revenues totaled $3.5 million in the quarter compared with $3.2 million a year ago.
FUELCELL ENERGY Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.