Aemetis: Q3 Earnings Snapshot
CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Aemetis Inc. (AMTX) on Thursday reported third-quarter net income of $30.7 million, after reporting a loss in the same period a year earlier.
CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Aemetis Inc. (AMTX) on Thursday reported third-quarter net income of $30.7 million, after reporting a loss in the same period a year earlier.
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On a per-share basis, the Cupertino, California-based company said it had net income of 73 cents. Losses, adjusted for pretax gains, came to 59 cents per share.
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The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The renewable fuels and specialty chemicals company posted revenue of $68.7 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $79.5 million.
The company's shares closed at $4.58. A year ago, they were trading at $6.36.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMTX at https://www.zacks.com/ap/AMTX