Ballard: Q1 Earnings Snapshot
By AP News
Published - May 10, 2023, 08:41 AM ET
Last Updated - Jun 21, 2023, 09:08 PM EDT
BURNABY, British Columbia (AP) — BURNABY, British Columbia (AP) — Ballard Power Systems Inc. (BLDP) on Wednesday reported a loss of $33.9 million in its first quarter.
On a per-share basis, the Burnaby, British Columbia-based company said it had a loss of 11 cents.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The fuel cell technology company posted revenue of $13.3 million in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $18.3 million.
