Thursday, Akeena Solar Inc. (AKNS) said its third-quarter net loss narrowed to $2.4 million or $0.07 per share from $5.5 million or $0.19 per share in the prior year period. On average, 4 analysts polled by Thomson Reuters expected the company to report loss of $0.08 per share for the quarter.
Net sales for the quarter declined to $7.7 million from $10.6 million in the comparable period. Analysts estimated revenues of $7.23 million for the quarter.
Net loss for the first nine months of 2009 was $12.2 million or $0.39 per share, narrower than $15.2 million or $0.54 per share, in the same period last year. Net sales for the period decreased to $21.17 million from $29.90 million last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.