Plug Power (PLUG) Misses Q3 EPS by 1c

Plug Power (NASDAQ: PLUG) reported Q3 EPS of ($0.04), $0.01 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $19.9 million versus the consensus estimate of $24.4 million.

Plug Power closed out the third quarter of 2014 with 857 GenDrive units shipped to material handling customers. This equates to a 450 percent increase compared to the third quarter of 2013, when 155 GenDrive units were shipped.

Bookings continue to be strong and during the third quarter of 2014, Plug Power brought in over $25.6 million in bookings from customers including Mercedes-Benz, Coca-Cola, BMW, Walmart, Kroger and Newark Farmers Market.

For earnings history and earnings-related data on Plug Power (PLUG) click here.

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