AP NEWS

Capstone Turbine: Fiscal 1Q Earnings Snapshot

August 7, 2018

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPST at https://www.zacks.com/ap/CPST

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