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Vertex Energy: Q3 Earnings Snapshot
Vertex Energy Inc. (VTNR) on Tuesday reported third-quarter profit of $22.2 million. The Houston-based company said it had net income of 28 cents per share. Losses, adjusted for non-recurring gains and to account for discontinued operations, came to 1 cent 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
HOUSTON (AP) _ Vertex Energy Inc. (VTNR) on Tuesday reported third-quarter profit of $22.2 million.
The Houston-based company said it had net income of 28 cents per share. Losses, adjusted for non-recurring gains and to account for discontinued operations, came to 1 cent 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 environmental services company posted revenue of $810.2 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $943.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a VTNR">Zacks stock report on VTNR at https://www.zacks.com/ap/VTNR
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