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Bloom Energy: 2Q Earnings Snapshot

August 12, 2019

SAN JOSE, Calif. (AP) _ Bloom Energy Corp. (BE) on Monday reported a loss of $62.2 million in its second quarter.

The San Jose, California-based company said it had a loss of 55 cents per share. Losses, adjusted for one-time gains and costs, were 13 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The developer of fuel cell systems posted revenue of $233.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $208.5 million.

Bloom Energy shares have dropped 20% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8, a decrease of 70% in the last 12 months.

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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 BE at https://www.zacks.com/ap/BE

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