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Clean Energy Fuels Q1 Loss Narrows

Clean Energy Fuels Corp. (CLNE) reported first-quarter net loss attributable to the company of $9.8 million or $0.14 per share, narrower than $31.9 million or $0.37 per share last year.

Adjusted loss for the quarter narrowed to $3.4 million or $0.05 per share from $14.1 million or $0.16 per share in the comparable quarter last year. On average, nine analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share. Analysts' estimates typically exclude special items.

Total revenues for the quarter were $65.34 million, compared with $73.63 million last year, while eight analysts expected revenues of $81.66 million for the quarter.

by RTT Staff Writer

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