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Genie Energy reports 2Q loss

NEWARK, N.J. (AP) _ Genie Energy Ltd. (GNE) on Thursday reported a second-quarter loss of $11.8 million, after reporting a profit in the same period a year earlier.

The Newark, New Jersey-based company said it had a loss of 50 cents per share.

The provider of oil and gas energy services posted revenue of $52.2 million in the period.

Genie Energy shares have climbed 13 percent since the beginning of the year. The stock has increased 4.5 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