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.
For comments and feedback: editorial@rttnews.com