Bloom Energy stock falls 13% after company’s Q3 sales disappoint

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Shares of Bloom Energy Corp. fell more than 13% in the extended session Thursday after the alternative-energy company reported a narrower-than-expected adjusted loss for its third quarter but sales fell short of forecasts. Bloom said it lost $12 million, or 9 cents a share, in the quarter, compared with a loss of $52 million, or 44 cents a share, in the year-ago quarter. Adjusted for one-time items, Bloom lost 4 cents a share, compared with 12 cents a share a year ago. Sales fell to $200 million from $224 million a year ago, Bloom said. Analysts polled by FactSet had expected Bloom to report a loss of 16 cents a share on sales of $225 million in the quarter. Bloom shares ended the regular trading day up 0.8%.
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