EnergySolutions, Inc. (ES) Monday reported a substantially narrow net loss in the fourth-quarter of $10.8 million or $0.12 per share, compared to a loss of $202.7 million or $2.28 per share in the same period last year. The latest quarter results reflected the absence of a goodwill impairment charge totaling $174 million in the year-ago quarter.
On average, five analysts polled by Thomson Reuters expected the company to earn $0.12 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, revenues for the quarter increased to $480.03 million from $468.54 million in the prior year. Analysts expected revenues of $459.56 million.
In addition, the company said its Board of Directors had accepted a $3.75 per share offer from Energy Capital Partners, which is subject to shareholder approval, with the transaction being scheduled for April 26, 2013.
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