BURNABY, British Columbia (AP) _ Ballard Power Systems Inc. (BLDP) on Monday reported a loss of $30.8 million in its third quarter.
The Burnaby, British Columbia-based company said it had a loss of 10 cents per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The fuel cell technology company posted revenue of $25.2 million in the period, which met Street forecasts.
Ballard shares have decreased 17% since the beginning of the year. The stock has risen 24% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLDP at https://www.zacks.com/ap/BLDP
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