U.S. Markets closed

Adams Resources: 1Q Earnings Snapshot

HOUSTON (AP) _ Adams Resources & Energy Inc. (AE) on Wednesday reported first-quarter profit of $4.9 million.

The Houston-based company said it had profit of $1.16 per share. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.

The oil and gas company posted revenue of $445.2 million in the period.

Adams Resources shares have declined slightly more than 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $35.06, a decline of 27% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AE at https://www.zacks.com/ap/AE