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Loop Industries, Inc. (LOOP) Reports Q1 Loss, Beats Revenue Estimates

Loop Industries, Inc. (LOOP) came out with a quarterly loss of 0.07pershareinlinewiththeZacksConsensusEstimate.Thiscomparestoalossof0.07 per share in line with the Zacks Consensus Estimate. This compares to a loss of 0.11 per share a year ago. These figures are adjusted for non- recurring items. A quarter ago, it was expected that this company would post a loss of 0.09persharewhenitactuallyproducedearningsof0.09 per share when it actually produced earnings of 0.14, delivering a surprise of +255.56%. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days a ...