Capstone Turbine Corporation’s (NASDAQ:CPST) loss widened in the fourth quarter, as the company’s results were dragged down by higher costs. Capstone Turbine Corporation develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications.
Capstone Turbine Earnings Cheat Sheet for the Fourth Quarter
Results: Loss widened to $28.8 million (12 cents/diluted share) from $12.9 million (loss of 5 cents/share) in the same quarter a year earlier.
Revenue: Rose 39.4% to $22.8 million YoY.
Actual vs. Wall St. Expectations: CPST fell short of the mean analyst estimate of a loss of 3 cents/share. Estimates ranged from a loss of 2 cents per share to a loss of 3 cents per share.
The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 33.5%, with the biggest boost coming in the third quarter when revenue rose 51.1% from the year earlier quarter.
Stock Performance: Shares of CPST are down over 9% after hours.
(Source: Xignite Financials)