Polaris Renewable Energy (TSX: PIF) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $0.03 by 233.33 percent. This is a 140 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $19.935 million which missed the analyst consensus estimate of $20.233 million by 1.47 percent. This is a 7.89 percent decrease over sales of $21.642 million the same period last year.