* Q1 loss $0.12/shr vs est loss of $0.09/shr
* Revenue up 47 pct at $11.9 mln vs est $13.6 mln
* Says well-positioned to meet full-year rev view
April 29 Ballard Power Systems's BLD.TO
(BLDP.TO) quarterly loss came in wider than expected due to
lower sales at its automotive products segment, but the
Canadian hydrogen fuel-cell maker said it was well-positioned
to meet its full-year revenue view.
"With 47 percent revenue growth year-over-year and 29
percent order book growth during the first quarter, Ballard is
well-positioned to meet guidance for full year revenue growth
in excess of 35 percent," the company said.
Net loss for the first quarter was $10.0 million, or 12
cents a share, compared with a net loss of $19.1 million, or 23
cents, in the year ago quarter.
Quarterly revenue rose to $11.9 million, helped by a 28
percent spike in its core fuel cell products segment revenue.
Revenue at its automotive segment fell 16 percent to $1.6
Analysts on average expected the company to post a loss of
9 cents, on revenue of $13.6 million, according to Thomson
Shares of the company closed at C$2.48 Wednesday on the
Toronto Stock Exchange.
(Reporting by Krishna N. Das in Bangalore; Editing by Anne