Investing.com - Plug Power reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Plug Power announced earnings per share of $-0.30 on revenue of $188.6M. Analysts polled by Investing.com anticipated EPS of $-0.22 on revenue of $273.38M.
Plug Power shares are down 35% from the beginning of the year , still down 68.15% from its 52 week high of $46.50 set on Monday, November 22, 2021.
Plug Power shares lost 2.16% in after-hours trade the report.
Plug Power follows other major Industrials sector earnings this month
Plug Power's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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