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Ameresco: 4Q Earnings Snapshot

FRAMINGHAM, Mass. (AP) _ Ameresco (AMRC) on Monday reported fourth-quarter earnings of $22.2 million.

On a per-share basis, the Framingham, Massachusetts-based company said it had profit of 46 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The energy services company posted revenue of $306.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $293.6 million.

For the year, the company reported profit of $44.4 million, or 93 cents per share. Revenue was reported as $866.9 million.

Ameresco expects full-year earnings in the range of 86 cents to 96 cents per share, with revenue in the range of $910 million to $980 million.

Ameresco shares have increased 31% since the beginning of the year. In the final minutes of trading on Monday, shares hit $23, an increase of 39% 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 AMRC at https://www.zacks.com/ap/AMRC