Aspen Aerogels: Q3 Earnings Snapshot
By AP News
Published - Nov 06, 2024, 05:33 PM ET
Last Updated - Dec 16, 2024, 05:37 PM EST
NORTHBOROUGH, Mass. (AP) — NORTHBOROUGH, Mass. (AP) — Aspen Aerogels Inc. (ASPN) on Wednesday reported a loss of $13 million in its third quarter.
On a per-share basis, the Northborough, Massachusetts-based company said it had a loss of 17 cents. Earnings, adjusted to extinguish debt, were 11 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The maker of insulation products posted revenue of $117.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $117 million.
