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U.S. Geothermal misses 4Q profit forecasts

BOISE, Idaho (AP) _ U.S. Geothermal Inc. (HTM) on Thursday reported fourth-quarter net income of $956,000.

On a per-share basis, the Boise, Idaho-based company said it had net income of 5 cents. Earnings, adjusted for non-recurring costs, were 10 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The renewable energy exploration company posted revenue of $10.6 million in the period.

For the year, the company reported profit of $463,000, or 2 cents per share. Revenue was reported as $31.5 million.

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

The company's shares closed at $4.21. A year ago, they were trading at $3.61.

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

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Keywords: U.S. Geothermal, Earnings Report