NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — Clean Energy Fuels Corp. (CLNE) on Thursday reported a loss of $18.4 million in its first quarter.
On a per-share basis, the Newport Beach, California-based company said it had a loss of 8 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 1 cent per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The provider of natural gas as an alternative fuel for vehicle fleets posted revenue of $103.7 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $106.6 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 CLNE at https://www.zacks.com/ap/CLNE
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