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Comverge (COMV) Report Beats, But Posts Another Large Loss
Comverge (COMV) has reported earnings results this morning and they’re so so in my opinion. The company did beat on both EPS and revenues by reporting a .44/share loss (est .43/loss) on revenues of $33.2 million (est $32.8 million). That’s another increase in revenues over the year ago quarter, but the company isn’t making much headway on EPS.
The CEO didn’t comment on the revenue growth not translating into better EPS numbers, but he did express optimism on everything else.. as CEO’s often do.
“Our operational execution remained solid as we realized 37% year-over-year revenue growth, grew our Virtual Peaking Capacity deferred revenues 36%, and built out 18 megawatts of capacity in these programs. We remain confident about the outlook for our performance in the remainder of this year.”
Shares of COMV are trading flat today.
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