BURNABY, British Columbia (AP) — BURNABY, British Columbia (AP) — Ballard Power Systems Inc. (BLDP) on Friday reported a loss of $20.3 million in its second quarter.
On a per-share basis, the Burnaby, British Columbia-based company said it had a loss of 7 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The fuel cell technology company posted revenue of $20.6 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $27 million.
The company’s shares closed at $2.79. A year ago, they were trading at $1.83.
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