Ballard: Q2 Earnings Snapshot
By AP News
Published - Aug 12, 2024, 08:37 AM ET
Last Updated - Aug 12, 2024, 08:37 AM EDT
BURNABY, British Columbia (AP) — BURNABY, British Columbia (AP) — Ballard Power Systems Inc. (BLDP) on Monday reported a loss of $31.5 million in its second quarter.
On a per-share basis, the Burnaby, British Columbia-based company said it had a loss of 11 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The fuel cell technology company posted revenue of $16 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $18.2 million.
