Electrovaya Inc. (ELVA) Reports Q1 Loss, Lags Revenue Estimates

Electrovaya Inc. (ELVA) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of$0.02. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced break-even earnings, delivering a surprise of 100%.Over the last four quarters, the company has su ...