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U.S. Geothermal misses 1Q profit forecasts

BOISE, Idaho (AP) _ U.S. Geothermal Inc. (HTM) on Wednesday reported first-quarter earnings of $261,000.

The Boise, Idaho-based company said it had profit of 1 cent per share. Earnings, adjusted for pretax expenses, came to 2 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 3 cents per share.

The renewable energy exploration company posted revenue of $8.4 million in the period.

U.S. Geothermal expects full-year revenue in the range of $30 million to $34 million.

In the final minutes of trading on Wednesday, the company's shares hit $4.25. A year ago, they were trading at $4.65.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HTM at https://www.zacks.com/ap/HTM


Keywords: U.S. Geothermal, Earnings Report