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Hudson Tech beats 1Q profit forecasts

PEARL RIVER, N.Y. (AP) _ Hudson Technologies Inc. (HDSN) on Wednesday reported first-quarter profit of $5.7 million.

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

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The refrigerant services company posted revenue of $38.8 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $39 million.

Hudson Tech shares have decreased 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.99, a rise of 98 percent in the last 12 months.

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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 HDSN at https://www.zacks.com/ap/HDSN

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Keywords: Hudson Technologies, Earnings Report