CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Aemetis Inc. (AMTX) on Thursday reported a loss of $25.3 million in its second quarter.
The Cupertino, California-based company said it had a loss of 68 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
The renewable fuels and specialty chemicals company posted revenue of $45.1 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $67.3 million.
Aemetis shares have increased 72% since the beginning of the year. The stock has decreased 13% in the last 12 months.
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