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Hydrogenics reports 1st-quarter loss but tops expectations

MISSISSAUGA, Ont. – MISSISSAUGA, Ontario (AP) _ Hydrogenics Corp. (HYGS) on Wednesday reported a loss of $2.4 million in its first quarter.

On a per-share basis, the Mississauga, Ontario-based company said it had a loss of 19 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The hydrogen fuel cell maker posted revenue of $4.3 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $7.2 million.

Hydrogenics shares have fallen 7.5 per cent since the beginning of the year. The stock has fallen 27 per cent 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 HYGS at http://www.zacks.com/ap/HYGS

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Keywords: Hydrogenics, Earnings Report