FuelCell Energy, Inc. (NASDAQ:FCEL) 3Q19 Revenue Tops Analysts Expectation

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FuelCell Energy, Inc. (NASDAQ:FCEL) unveiled third quarter financial results before market open today.

The company FCEL unveiled loss for the third quarter of $ 8.33 million or $ 0.18 per share, compared to loss of $ 17.62 million or $ 2.45 per share, in the same quarter last year.

The total revenue for the third quarter jumped 87.53 percent to $ 22.71 million from $ 12.11 million in the same quarter last year.

The consensus estimates are $ 9.75 million in revenue.

Analysts estimates are from Thomson Reuters, exclude one time gain or loss.

Jason Few, President and Chief Executive Officer, commented, the Company focused on numerous restructuring and improvement initiatives, resulting in an improved balance sheet, a leaner spending profile, and a reinvigorated team. We continued to build on our long-standing relationship with ExxonMobil, entering into a license agreement in the quarter.

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