Capstone Turbine Corporation (CPST) Releases Earnings Results, Beats Expectations By $0.02 EPS

Capstone Turbine Corporation (CPST) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.19. The company posted revenue of $19.06 million in the period, compared to analysts expectations of $19.32 million. The company’s revenue was down -29.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Capstone Turbine Corporation closed down -0.09 points or -5.81% at $1.46 with 3,39,200 shares getting traded on Tusday. Post opening the session at $1.56, the shares hit an intraday low of $1.4525 and an intraday high of $1.58 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Aug 19, 2015, Eliot G Protsch (director) purchased 125,000 shares at $0.41 per share price. According to the SEC, on Aug 18, 2015, Jayme L. Brooks (CFO) purchased 10,000 shares at $0.40 per share price. On Aug 18, 2015, Richard K Atkinson (director) purchased 23,000 shares at $0.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Capstone Turbine Corporation (Capstone) develops manufactures markets and services microturbine technology solutions for use in stationary distributed power generation applications including cogeneration (combined heat and power) integrated combined heat and power (ICHP) and combined cooling heat and power (CCHP) renewable energy natural resources and critical power supply. The Company’s microturbines are used as battery charging generators for hybrid electric vehicle applications. Capstone offers micro turbines for commercial industrial and utility users with product offerings ranging from 30 kilowatts to one megawatt in electric power output. The Company sells complete microturbine units subassemblies components and various accessories. It also remanufactures microturbine engines and provides after-market parts and services. It serves various markets including energy efficiency renewable energy natural resources critical power supply transportation and marine.

Capstone Turbine Corporation

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