CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Aemetis Inc. (AMTX) on Thursday reported a loss of $9.4 million in its second quarter.
On a per-share basis, the Cupertino, California-based company said it had a loss of 13 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.
The renewable fuels and specialty chemicals company posted revenue of $62.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $65.3 million.
The company’s shares closed at $1.55. A year ago, they were trading at $2.68.
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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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