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Genie Energy posts 1Q profit

NEWARK, N.J. (AP) _ Genie Energy Ltd. (GNE) on Wednesday reported first-quarter earnings of $3.5 million.

On a per-share basis, the Newark, New Jersey-based company said it had net income of 13 cents.

The provider of oil and gas energy services posted revenue of $69.4 million in the period.

Genie Energy shares have increased 32 percent since the beginning of the year. The stock has climbed 5 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 GNE at https://www.zacks.com/ap/GNE


Keywords: Genie Energy, Earnings Report