Clean Energy Fuels: 4Q Earnings Snapshot
Clean Energy Fuels: 4Q Earnings Snapshot
NEWPORT BEACH, Calif. (AP) _ Clean Energy Fuels Corp. (CLNE) on Tuesday reported fourth-quarter net income of $6.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Newport Beach, California-based company said it had net income of 3 cents. Losses, adjusted for non-recurring gains, came to 1 cent per share.
The provider of natural gas as an alternative fuel for vehicle fleets posted revenue of $96.2 million in the period.
For the year, the company reported that its loss narrowed to $3.8 million, or 2 cents per share. Revenue was reported as $346.4 million.
In the final minutes of trading on Tuesday, the company's shares hit $2.27. A year ago, they were trading at $1.46.
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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 CLNE at https://www.zacks.com/ap/CLNE