SAN DIEGO (AP) — SAN DIEGO (AP) — Beam Global (BEEM) on Tuesday reported a loss of $3.6 million in its third quarter.
The San Diego-based company said it had a loss of 26 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
The company posted revenue of $16.5 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $16.8 million.
Beam Global shares have fallen 65% since the beginning of the year. The stock has dropped 61% in the last 12 months.
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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 BEEM at https://www.zacks.com/ap/BEEM