New Fortress Energy: Q4 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — New Fortress Energy Inc. (NFE) on Tuesday reported fourth-quarter profit of $64.1 million.

On a per-share basis, the New York-based company said it had profit of 30 cents. Earnings, adjusted for asset impairment costs, came to 87 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The company posted revenue of $546.4 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $798.5 million.

For the year, the company reported profit of $194.5 million, or 93 cents per share. Revenue was reported as $2.37 billion.


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