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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.