logo
Share SHARE
FONT-SIZE Plus   Neg

Ameresco Q4 Profit Edges Up - Quick Facts

Ameresco Inc. (AMRC) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walt Disney Co. has threatened to pull its programming from cable distributor Altice USA Inc. if the two companies are unable to reach a new deal before the end of September. The current contract between the two companies expires at the end of this month. Jaguar Land Rover, Britain's biggest car maker, is eyeing potential acquisitions of international automakers, Bloomberg reported Monday, citing people with knowledge of the matter. Jaguar Land Rover, owned by India's Tata Motors Ltd., has reportedly been holding internal discussion on acquiring other brands in order to diversify its range of vehicles. Target Corp. said Monday that it plans to raise minimum hourly wage for all its workers to $11 in October, marking its third wage increase in three years. The discount-store operator also said it is committed to increasing the minimum hourly wage to $15 by the end of 2020.
comments powered by Disqus
Follow RTT