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Aspen Aerogels: Q3 Earnings Snapshot
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NORTHBOROUGH, Mass. (AP) — NORTHBOROUGH, Mass. (AP) — Aspen Aerogels Inc. (ASPN) on Thursday reported a loss of $10.4 million in its third quarter.

The Northborough, Massachusetts-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs, came to 11 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The maker of insulation products posted revenue of $85.2 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $72.3 million.

For the current quarter ending in December, Aspen Aerogels said it expects revenue in the range of $60 million to $75 million.

The company's shares closed at $4.80. A year ago, they were trading at $7.19.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASPN at https://www.zacks.com/ap/ASPN

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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