Energy Conversion Devices Inc.'s (ENER) second-quarter loss widened to $5.43 million, or 14 cents a share, from $2.91 million, or 7 cents, a year earlier. Results for the latest period included restructuring charges and preproduction costs totaling 12 cents a share.
The Rochester Hills, Mich., manufacturer of solar thin-film laminate products said revenue for the quarter ended Dec. 31 rose to $56.4 million from $22.9 million a year earlier. Analysts polled by Thomson Financial, on average, projected a loss of 13 cents a share on revenue of $53 million.
The company confirmed its expectation that it will reach sustainable profitability in the fiscal fourth quarter.
The stock is up 1.20 to $25.11 this morning.
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