Investing.com - Ballard reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ballard announced earnings per share of $-0.06 on revenue of $24M. Analysts polled by Investing.com anticipated EPS of $-0.04 on revenue of $26.57M. That with comparison to EPS of $-0.05 on revenue of $16M in the same period a year before.Ballard had reported EPS of $-0.04 on revenue of $41.9M in the previous quarter.Analysts are expecting EPS of $-0.04 and revenue of $30.3M (NYSE:MMM) in the upcoming quarter.
Ballard shares are up 40% from the beginning of the year and are trading at $10.06 , down-from-52-week-high.They are outperforming the Nasdaq which is down 2.55% year to date.
Ballard follows other major Technology sector earnings this month
Ballard's report follows an earnings beat by Microsoft on April 29, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on April 30 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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