Maxwell: 3Q Earnings Snapshot
SAN DIEGO (AP) _ Maxwell Technologies Inc. (MXWL) on Tuesday reported a loss of $9.7 million in its third quarter.
On a per-share basis, the San Diego-based company said it had a loss of 23 cents. Losses, adjusted for one-time gains and costs, came to 16 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The energy storage and power delivery company posted revenue of $33.7 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $34.2 million.
Maxwell expects a full-year loss of 18 cents per share.
In the final minutes of trading on Tuesday, the company’s shares hit $3.24. A year ago, they were trading at $4.64.