CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Aemetis Inc. (AMTX) on Thursday reported a loss of $22.4 million in its fourth quarter.
On a per-share basis, the Cupertino, California-based company said it had a loss of 63 cents.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The renewable fuels and specialty chemicals company posted revenue of $66.7 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $74.8 million.
For the year, the company reported that its loss widened to $107.8 million, or $3.12 per share. Revenue was reported as $256.5 million.
The company’s shares closed at $3.51. A year ago, they were trading at $15.02.
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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 AMTX at https://www.zacks.com/ap/AMTX
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