05:29 PM EDT, 05/09/2024 (MT Newswires) -- Bloom Energy ( BE ) reported a Q1 non-GAAP loss late Thursday of $0.17 per diluted share, compared with a loss of $0.22 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.11.

Revenue for the quarter that ended March 31 was $235.3 million, down from $275.2 million a year earlier.

Analysts surveyed by Capital IQ expected $249.4 million.

The company reaffirmed its full-year 2024 revenue outlook of $1.4 billion to $1.6 billion. Analysts polled by Capital IQ expect $1.48 billion.

Shares of the company traded 2.6% higher in after-hours activity.

Price: 12.05, Change: +0.31, Percent Change: +2.64