Maxwell Technologies (MXWL) Tops Q3 EPS by 1c

November 1, 2016 5:45 PM EDT

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Maxwell Technologies (NASDAQ: MXWL) reported Q3 EPS of ($0.21), $0.01 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $25.5 million versus the consensus estimate of $25.59 million.

"Third quarter financial results were in line with our expectations. Although we continue to face challenging conditions in the China bus and wind markets, we have made great progress on our longer term strategic initiatives to solidify and diversify our business," said Dr. Franz Fink, Maxwell's President and Chief Executive Officer. "We remain vigilant about our cost structure as we navigate through these near term challenges but we are prudently investing in exciting opportunities. Our investments show early promise in the auto market, where we have solidified new design wins and have growing confidence in the long-term growth opportunity."

For earnings history and earnings-related data on Maxwell Technologies (MXWL) click here.

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