Capstone Turbine: Fiscal 1Q Earnings Snapshot
VAN NUYS, Calif. (AP) _ Capstone Turbine Corp. (CPST) on Tuesday reported a loss of $4.9 million in its fiscal first quarter.
On a per-share basis, the Van Nuys, California-based company said it had a loss of 8 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The maker of turbine systems for energy generation posted revenue of $21.2 million in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $1.42. A year ago, they were trading at 63 cents.