HOUSTON (AP) — HOUSTON (AP) — Vertex Energy Inc. (VTNR) on Thursday reported a loss of $17.7 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 19 cents. Losses, adjusted for non-recurring costs, were 11 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The environmental services company posted revenue of $695.3 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $672.5 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 VTNR at https://www.zacks.com/ap/VTNR
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