CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Aemetis Inc. (AMTX) on Thursday reported a loss of $24.5 million in its first quarter.
The Cupertino, California-based company said it had a loss of 47 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The renewable fuels and specialty chemicals company posted revenue of $42.9 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $55.5 million.
The company’s shares closed at $1.30. A year ago, they were trading at $4.05.
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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 AMTX at https://www.zacks.com/ap/AMTX
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