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Chart Industries: 1Q Earnings Snapshot

BALL GROUND, Ga. (AP) _ Chart Industries Inc. (GTLS) on Thursday reported first-quarter net income of $900,000.

On a per-share basis, the Ball Ground, Georgia-based company said it had net income of 3 cents. Earnings, adjusted for restructuring costs and non-recurring costs, were 39 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The equipment maker for the energy sector posted revenue of $289.3 million in the period.

Chart Industries expects full-year earnings in the range of $2.70 to $3.05 per share, with revenue in the range of $1.29 billion to $1.34 billion.

Chart Industries shares have climbed 35 percent since the beginning of the year. The stock has climbed 45 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 GTLS at https://www.zacks.com/ap/GTLS