Enernoc Shares Up Seven Percent; Q2 Beats, ’09 Forecast Rises
Shares of Enernoc (ENOC), which helps utilities intelligently manage electricity use to conserve energy, are on the march this evening after the company announced Q2 results that beat estimates and forecast Q3 above estimates.
Q2 sales rose 79 percent, year over year, to $42.4 million and net loss per share was 29 cents. That compares to an average estimate of $39.1 million and 33 cents. For Q3 , the company forecast $88 million to $98 million, and profit per share of 70 cents to 83 cents, versus an average estimate of $82.5 million and 55 cents per share.
