UPDATE 3-Evergreen Solar's revenue, loss beats Street view
* Q3 revenue of $77.7 mln vs Street view of $73.86 mln
* Q3 loss of 6 cents per share beats view of 8 cents
* Shares flat in extended trade after closing down 4 pct (Adds analyst comment)
LOS ANGELES, Nov 4 (Reuters) - U.S. solar company Evergreen Solar Inc (ESLR.O: Quote, Profile, Research) on Wednesday posted revenue and a quarterly loss that were better than expected, as the company increased production and sold everything it produced.
Revenue rose to $77.7 million in the third quarter, topping the $73.86 million analysts had expected, according to Thomson Reuters I/B/E/S.
"I think they've been able to improve their costs, but they're still a whole lot higher than their Chinese competitors. It's incrementally better but I don't know if it changes anything," said Macquarie analyst Kelly Dougherty.
Dougherty, who rates the company as "underperform," added that the company has challenges with its costs and liquidity where "they're not leaving themselves much room for error."
The company reported a third quarter net loss of $82.4 million, or 40 cents per share, compared with a net loss of $24.6 million, or 19 cents per share, a year ago.
Those results included a charge of about $70 million for a write-down in the company's Sovello joint venture. Continued...
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