LanzaTech Global Shares Fall After Q3 Loss, Revenue Miss Expectations

MT Newswires Live

2024/11/09

LanzaTech Global (LNZA) shares were down nearly 14% in recent Friday trading after the company reported a Q3 loss that widened year-over-year on lower revenue, which fell short of analyst expectations.

The carbon refining company reported a Q3 net loss of $0.29 per share, widening from a loss of $0.13 a year earlier.

Three analysts polled by Capital IQ expected a loss of $0.10.

Revenue for the quarter ended Sept. 30 fell to $9.9 million from $19.6 million a year earlier.

Analysts surveyed by Capital IQ expected $17.9 million.

Price: 1.60, Change: -0.26, Percent Change: -13.78

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