Investing.com - Ballard reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ballard announced earnings per share of $-0.14 on revenue of $21M. Analysts polled by Investing.com anticipated EPS of $-0.1032 on revenue of $24.56M.
Ballard shares are down 37% from the beginning of the year and are trading at $7.44 , down-from-52-week-high.They are under-performing the Nasdaq which is down 22.37% from the start of the year.
Ballard shares lost 4.98% in pre-market trade the report.
Ballard follows other major Industrials sector earnings this month
Ballard's report follows an earnings beat by United Parcel Service on April 26, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on April 21 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
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