NEW YORK (AP) — NEW YORK (AP) — New Fortress Energy Inc. (NFE) on Thursday reported fourth-quarter net income of $217.2 million.
On a per-share basis, the New York-based company said it had profit of $1.06. Earnings, adjusted for non-recurring gains, were $1.01 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.
The company posted revenue of $758.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $687.4 million.
For the year, the company reported profit of $547.9 million, or $2.65 per share. Revenue was reported as $2.41 billion.
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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 NFE at https://www.zacks.com/ap/NFE