Maxwell Technologies (MXWL) Q1 Loss In Line, Sales Up Y/Y
Zacks Investment Research | May 09, 2018 03:07AM ET
Maxwell Technologies, Inc. (NASDAQ:MXWL) reported adjusted loss of 16 cents per share in first-quarter 2018, in line with the Zacks Consensus Estimate. The figure was narrower than a loss of 23 cents in the year-ago quarter.
Excluding one-time items, the company incurred a GAAP loss of 25 cents per share, lower than the year-ago quarter’s loss of 32 cents.
Revenues
Maxwell Technologies’ first-quarter revenues of $28.4 million surpassed the Zacks Consensus Estimate of $28.2 million by 1%. The top line improved 6.5% from the year-ago quarter’s figure of $26.7 million.
Although high voltage revenues dropped 56.5% in the quarter, energy storage revenues improved 61.6%, which led to overall improvement in total revenues.
Maxwell Technologies, Inc. Price, Consensus and EPS Surprise
the complete list of today’s Zacks #1 Rank stocks here .
The companies delivered an average positive earnings surprise of 9.93%, 7.54% and 9.39%, respectively, in the past four quarters.
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