NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — Clean Energy Fuels Corp. (CLNE) on Wednesday reported a loss of $18.2 million in its third quarter.
The Newport Beach, California-based company said it had a loss of 8 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The provider of natural gas as an alternative fuel for vehicle fleets posted revenue of $104.9 million in the period.
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