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FuelCell Energy Q3 Results Top Estimates
(RTTNews) - Clean energy technology company FuelCell Energy, Inc. (FCEL) on Thursday reported a second-quarter net loss attributable to common stockholders of $30.21 million or $0.08 per share, sharply wider than $12.80 million or $0.04 per share in the prior-year quarter.
Total revenues for the quarter surged 61 percent to $43.10 million from $26.82 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.06 per share on revenues of $35.81 million for the quarter. Analysts' estimates typically exclude special items.
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FuelCell Energy Q1 Results Top Estimates
Clean energy technology company FuelCell Energy, Inc. (FCEL) on Thursday reported a first-quarter net loss attributable to common stockholders of $19.42 million or $0.05 per share, narrower than $41.42 million or $0.11 per share in the prior-year quarter.
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Asian Shares Decline Amid Tariff Uncertainty
Asian stocks ended mostly lower on Friday due to uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs and rising concerns about U.S. economic stability.
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European Economic News Preview: Germany Inflation, Retail Sales Data Due
Inflation and retail sales from Germany and private sector credit from the euro area are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales figures for April. Sales are forecast to grow 0.3 percent month-on-month, in contrast to the 0.2 percent fall in March.
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European Shares Likely To Drift Lower At Open
European stocks may drift lower at open on Friday as investors follow the latest announcements on U.S. trade policy and tariffs.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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Sensex, Nifty Struggle For Direction In Early Trade
Indian shares struggled for direction in early trade on Friday amid concerns that trade headwinds will not subside anytime soon.
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Australian Market Swings To Modest Gains In Mid-market
The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,400 level, with gains in gold miners and financial stocks partially offset by weakness in iron ore miners and technology stocks.
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Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Friday, despite the broadly positive cues from Wall Street overnight, as lingering uncertainty about the ongoing trade war continued to weight on the markets after an appeals court temporarily paused the lower court's ruling to block US President Donald Trump's reciprocal tariffs on imports from U.S. trade partners.
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