Bloom Energy: Q3 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Bloom Energy Corp. (BE) on Thursday reported third-quarter net income of $250.3 million, after reporting a loss in the same period a year earlier.

The San Jose, California-based company said it had profit of 78 cents per share. Earnings, adjusted for one-time gains and costs, were 94 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.

The developer of fuel cell systems posted revenue of $1.24 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.07 billion.

Bloom Energy expects full-year earnings in the range of $3.10 to $3.40 per share, with revenue in the range of $4.4 billion to $4.6 billion.

Bloom Energy shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $215.87, more than doubling 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 BE at https://www.zacks.com/ap/BE