FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Amprius Technologies Inc. (AMPX) on Thursday reported a loss of $8.5 million in its third quarter.
On a per-share basis, the Fremont, California-based company said it had a loss of 10 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The battery maker posted revenue of $2.8 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $660,000.
In the final minutes of trading on Thursday, the company's shares hit $2.73. A year ago, they were trading at $10.01.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMPX at https://www.zacks.com/ap/AMPX