Why Bloom Energy Stock Just Jumped 11%
Bloom Energy (NYSE: BE) stock soared 11% through 9:50 a.m. ET after reporting an earnings miss but a revenue beat last night.
Heading into the quarter, analysts forecast the fuel cell energy stock would lose $0.04 per share on $307.5 million in sales. Bloom's losses were bigger than expected at $0.06 per share. However, sales came in much stronger than expected at $335.8 million -- and investors seem to like that news a lot.
Admittedly, even Bloom's $0.06-per-share loss was only a non-GAAP number. Earnings as calculated according to generally accepted accounting principles (GAAP) show a much bigger loss for the quarter -- $0.27 per share. But even so, Bloom's results showed considerable improvements over its year-ago numbers.
Source Fool.com
