NEW YORK (AP) — NEW YORK (AP) — New Fortress Energy Inc. (NFE) on Wednesday reported first-quarter net income of $54.1 million.
On a per-share basis, the New York-based company said it had profit of 26 cents. Earnings, adjusted for non-recurring costs, came to 67 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The company posted revenue of $690.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $636.9 million.
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