ECOtality, Inc. (ECTY) reported first-quarter net income of $1.2 million or $0.04 per share, compared to the net loss of $6.8 million or $0.51 per share in the comparable quarter last year.
On average, 2 analysts polled by Thomson Reuters expected the company to lose $0.17 per share in the quarter. Analysts' estimates typically exclude special items.
Revenue for the latest quarter increased 215 percent to $13.7 million from $4.3 million in the year-ago first quarter, mainly due to the continued roll out of network infrastructure for the EV project and by a Blink network licensing agreement.
Analysts expected revenues of $4.34 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.