FuelCell Energy Inc. Q1 Loss beats estimates

(RTTNews) - FuelCell Energy Inc. (FCEL) announced Loss for first quarter that beat the Street estimates.

The company's bottom line came in at -$20.59 million, or -$0.05 per share. This compares with -$19.42 million, or -$0.05 per share, in last year's first quarter.

Analysts on average had expected the company to earn -$0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 55.0% to $16.69 million from $37.07 million last year.

FuelCell Energy Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$20.59 Mln. vs. -$19.42 Mln. last year. -EPS (Q1): -$0.05 vs. -$0.05 last year. -Revenue (Q1): $16.69 Mln vs. $37.07 Mln last year.