U.S. Markets close in 34 mins

Adams Resources reports 4Q loss

HOUSTON (AP) _ Adams Resources & Energy Inc. (AE) on Wednesday reported a loss of $168,000 in its fourth quarter.

The Houston-based company said it had a loss of 4 cents per share.

The oil and gas company posted revenue of $299 million in the period.

For the year, the company reported net income of $2.5 million, or 60 cents per share, swinging to a profit in the period. Revenue was reported as $1.1 billion.

Adams Resources shares have decreased 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $35.56, a fall of almost 4 percent 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


Keywords: Adams Resources & Energy, Earnings Report