FRAMINGHAM, Mass. (AP) — FRAMINGHAM, Mass. (AP) — Ameresco (AMRC) on Monday reported a loss of $5.5 million in its first quarter.
The Framingham, Massachusetts-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring gains, came to 11 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The energy services company posted revenue of $352.8 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $306.4 million.
Ameresco expects full-year earnings in the range of 70 cents to 90 cents per share, with revenue in the range of $1.85 billion to $1.95 billion.
Ameresco shares have dropped 50% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.63, a drop of 48% in the last 12 months.
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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 AMRC at https://www.zacks.com/ap/AMRC
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