NEW YORK (TheStreet) -- Opower, Inc. (OPWR) shares are up 4.9% to $18.20 in after-hours trading on Tuesday after the cloud-based software provider to the utility industry reported its third quarter earnings results after the closing bell today.
The company reported quarterly revenue of $33.8 million that topped its own guidance by $2.2 million and beat analysts guidance of $31.5 million in revenue generated for the period.
The company also reported a non-GAAP operating loss of $2.9 million which was wider than the $2.4 million loss the company experienced during the same period last year. On a per diluted share basis the company posted a lost of 8 cents per share, 11 cents better than analysts were expecting for the period.
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