On November 9, Plug Power reported revenue of $201 million, exceeding estimates by $7.67 million. One report put GAAP EPS at $0.00, beating estimates by $0.06. Other data showed a quarterly loss of $0.12 per share, wider than Zacks’ expected loss of $0.07. The EPS figures conflict, indicating a difference in reporting standards or a revision.
Revenue rose 13% and gross margin improved, but net income and basic earnings per share were affected by valuation gains, while the company targets annual growth of 15% to 16%.
Read the full storyRevenue rose to $200.602 million and gross margin improved, though it remained negative, while the company maintained its annual growth target of 15% to 16%.