Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Ameresco Q4 Profit Edges Up - Quick Facts

Ameresco Inc. (AMRC: Quote) announced Wednesday a higher fourth-quarter profit of $8.2 million, or $0.18 per share, compared to the prior-year's $7.7 million, or $0.17 per share. Seven analysts polled by Thomson Reuters estimated earnings of $0.19 per share. Analysts' estimates usually exclude special items.

Quarterly revenue went up 5.1 percent to $188.5 million from last year's $179.3 million, thanks to Renewable Energy revenue rising to $55.9 million from $47.6 million. Energy efficiency revenue was $132.6 million this year and $131.8 million a year ago. Six analysts polled by Thomson Reuters estimated revenues of $185.72 million.

Looking ahead, the company forecast 2012 profit between $39.5 million and $42.5 million, on revenues in the range of $800 million to $825 million. Analysts' consensus currently sees 2012 revenues of $793.79 million.

Click here to receive FREE breaking news email alerts for Ameresco Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. After ending the previous session modestly lower, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day more than offset yesterday's losses, lifting the major averages to their best closing levels in a month. Sen. Lindsey Graham, R-S.C., is seen as a long shot for the Republican presidential nomination in 2016, and his chances may have gotten worse after he was recorded joking about the prospects for "white men" if he were elected president.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.