Quantum Fuel Systems (QTWW) Misses Q3 EPS by 7c

Quantum Fuel Systems (NASDAQ: QTWW) reported Q3 EPS of ($0.17), $0.07 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $9.5 million versus the consensus estimate of $12.3 million.

"We are pleased by the successful launches during the quarter of our next generation of product offerings that take advantage of our latest storage technology and system designs, especially our higher capacity back-of-cab family offerings that we believe include the highest storage capacity system currently available in the market," said Brian Olson, President and CEO of Quantum. "Although prevailing fuel prices are creating headwinds for near term growth for natural gas heavy duty trucking, we believe the investments we are making to bring forth the most cost efficient and innovative products to market, to build out production capacity, and to establish installation and service centers, is enabling us to establish infrastructure from which we can grow our systems business for many years to come," concluded Mr. Olson.

For earnings history and earnings-related data on Quantum Fuel Systems (QTWW) click here.

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