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.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on HYGS at


Keywords: Hydrogenics, Earnings Report