Capstone Turbine (CPST) shares retreated in late trading Thursday after the maker of microturbine energy systems reported lower-than-expected revenue in its fiscal Q4 and matched Street expectations with earnings.
Shares were down as much as 7% in after-hours trading, although have trimmed that loss to 5%. The stock closed regular trading up 2% and is up 21% this year.
The company said net loss shrank to $3.4 million, or $0.01 loss per share, in the quarter, from a net loss of $4.1 million, or $0.01 loss per share, last year. That matched the consensus.in a Capital IQ survey.
Revenue improved to $36.4 million in the three-month period ended March 31, from $35.4 million, a year earlier. The result fell short of the $38.9 million average estimate of 6 analysts compiled by Capital IQ.