Loop Industries Q4 Revenue Declines; Shares Drop After Hours

MT Newswires Live

05/28

Loop Industries (LOOP) reported fiscal Q4 revenue late Wednesday of $176,000, down from $10.8 million a year earlier.

Two analysts surveyed by FactSet expected $800,000.

Net loss for the year ended Feb. 28 was $0.26 per share, narrowing from a loss of $0.32 a year earlier.

Two analysts polled by FactSet expected a loss of $0.27.

Shares of Loop Industries were down 1.5% in after-hours trading.

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