LATHAM, N.Y. (AP) _ Plug Power Inc. (PLUG) on Thursday reported a loss of $18.3 million in its fourth quarter.
On a per-share basis, the Latham, New York-based company said it had a loss of 7 cents. Losses, adjusted for restructuring costs, were 6 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 6 cents per share.
The alternative energy company posted revenue of $91.7 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $89.4 million.
For the year, the company reported that its loss widened to $85.5 million, or 36 cents per share. Revenue was reported as $230.2 million.
The company's shares closed at $4.76. A year ago, they were trading at $1.86.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLUG at https://www.zacks.com/ap/PLUG
Automated Insights, source Associated Press News