| Plug Power reports 2Q loss | |
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LATHAM, N.Y. (AP) _ Plug Power Inc. (PLUG) on Thursday reported a second-quarter loss of $9.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Latham, New York-based company said it had a loss of 5 cents. Losses, adjusted for non-recurring gains, came to 6 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The alternative energy company posted revenue of $24 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $24.8 million.
The company's shares closed at $2.78. A year ago, they were trading at $5.27.
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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 http://www.zacks.com/ap/PLUG
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Keywords: Plug Power, Earnings Report
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