WASHINGTON (dpa-AFX) - Stem, Inc. (STEM) reported Loss for its first quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line totaled -$72.31 million, or -$0.46 per share. This compares with -$4.78 million, or -$0.29 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 62.2% to $25.5 million from $67.4 million last year.
Stem, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$72.31 Mln. vs. -$4.78 Mln. last year. -EPS (Q1): -$0.46 vs. -$0.29 last year. -Revenue (Q1): $25.5 Mln vs. $67.4 Mln last year.
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