Vertex Energy: Q2 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Vertex Energy Inc. (VTNR) on Wednesday reported a loss of $81.4 million in its second quarter.
The Houston-based company said it had a loss of $1.03 per share. Losses, adjusted for one-time gains and costs, were 55 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
The environmental services company posted revenue of $734.9 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $729.2 million.
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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 VTNR at https://www.zacks.com/ap/VTNR
