EnerNOC Sees Wider Loss For Full Year; Stock Down

(RTTNews) - EnerNOC Inc. (ENOC), a provider of energy intelligence software, said that it now expects wider-than-expected loss for year ending December 31, 2015. It also cut annual total revenue outlook.

In the pre-market trade, ENOC is currently trading at $7.80, down $0.33 or 4.06%.

Looking ahead for 2015, the company now expects GAAP net loss per share to be in the range of $3.29- $3.43, compared to prior outlook of loss $3.02 - $3.12 per share. Analysts polled by Thomson Reuters expected the company to report a loss of $3.12 per share for fiscal year 2015. Analysts' estimates typically exclude special items.

Non-GAAP net loss per share for 2015 is now anticipated to be in the range of $1.94 - $2.10 compared to previous outlook of loss $1.61 - $1.72 per share.

The company lowered its 2015 total revenue guidance to a range of $390 million-$400 million from the prior expectation of $410 million - $430 million. Analysts expect annual revenue of $422.24 million.

For the fourth-quarter, the company projects GAAP net loss per share to be in the range of $1.29- $1.43, Non-GAAP net loss per share of $0.97 - $1.13 and total revenue of $50 million - $60 million. Analysts expect the company to report a loss of $1.22 per share and revenues of $65.22 million for the fourth-quarter.