CHATSWORTH, Calif. (AP) — Capstone Turbine Corp. (CPST) on Monday reported a loss of $323,000 in its fiscal third quarter.
On a per-share basis, the Chatsworth, California-based company said it had a loss of 1 cent.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The maker of turbine systems for energy generation posted revenue of $22.8 million in the period.
In the final minutes of trading on Monday, the company's shares hit 70 cents. A year ago, they were trading at 76 cents.