ECOtality, Inc. (ECTY: Quote) 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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by RTT Staff Writer
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