UPDATE 1-Capstone Turbine posts wider Q4 net loss

Mon Jun 15, 2009 10:51pm BST
 
Email | Print | | Single Page
[-] Text [+]

* Q4 loss $0.06/shr vs yr-ago loss $0.07/shr

* Revenue up 28 pct

June 15 (Reuters) - Capstone Turbine Corp (CPST.O), a maker of low-emission microturbine systems, posted a wider fourth-quarter net loss hurt by higher manufacturing costs.

For the quarter ended March 31, the company reported net loss of $12 million, or 6 cents a share, compared with $9.6 million, or 7 cents a share, a year ago.

Revenue grew 28 percent to $11.8 million.

Analysts on average were expecting a loss of 6 cents a share, excluding items, on revenue of $13.4 million, according to Reuters Estimates.

Research and development costs rose 5 percent to $2.1 million.

Manufacturing and overhead costs increased from the year-ago quarter due to the launch of its C200 and C1000 Series systems.

Backlog for the fiscal year rose 120 percent to $61.5 million.  Continued...

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos