FuelCell Energy Inc. Q1 Loss decreases, but misses estimates

FuelCell Energy Inc. (FCEL) announced Loss for first quarter that decreased from last year but missed the Street estimates.

The company's earnings totaled -$41.42 million, or -$0.11 per share. This compares with -$46.76 million, or -$0.15 per share, in last year's first quarter.

Analysts on average had expected the company to earn -$0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 113.7% to $31.80 million from $14.88 million last year.

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

-Earnings (Q1): -$41.42 Mln. vs. -$46.76 Mln. last year.
-EPS (Q1): -$0.11 vs. -$0.15 last year.
-Analyst Estimates: -$0.05
-Revenue (Q1): $31.80 Mln vs. $14.88 Mln last year.

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