logo
Plus   Neg
Share
Email

Ameresco Q1 Profit Decreases - Quick Facts

Ameresco, Inc. (AMRC) said its first-quarter net income fell to $1.5 million or $0.03 per share from $5.3 million or $0.12 per share in the year-ago quarter.

Total revenue of $146.6 million was flat when compared to $146.4 million for the same period in 2011.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share on revenues of $145.78 million for the quarter. Analysts' estimates typically exclude special items.

For the fiscal year ending December 31, 2012, the company still expects total revenue to be in the range of $800 million to $825 million and net income to be in the range of $39.5 million to $42.5 million. Analysts expect the company to earn $0.88 per share on revenues of $803.26 million for the year.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Canadian restaurant chain Tim Hortons woes seem to be only mounting. However, most of the company's troubles seem to be self-inflicted amid a public feud with its aggrieved franchisees, alleged deterioration in food quality, and falling share prices. Tim Hortons was acquired by Brazilian private equity firm 3G Capital for $12.5 billion in 2014. An unruly passenger was tasered, arrested and forcibly removed from an American Airlines flight on Sunday evening after he allegedly touched a female passenger inappropriately. Prior to takeoff, the boyfriend of the female passenger on the plane contacted authorities after the unruly passenger, Jacob Garcia, began touching her. Garcia was subsequently arrested by the police. Swiss banking giant UBS Group AG reported Monday higher profit in its first quarter with increased net interest income. The company said it has had an excellent start to 2018. However, UBS shares were trading around 3 percent lower in Switzerland. All of UBS's businesses are affected by economic growth expectations, interest rates, equity market levels and foreign exchange rates.
Follow RTT