Genie Energy Ltd. Q1 Profit Climbs

Genie Energy Ltd. (GNE) released earnings for its first quarter that increased from last year

The company's earnings came in at $10.63 million, or $0.40 per share. This compares with $8.12 million, or $0.30 per share, last year.

Excluding items, Genie Energy Ltd. reported adjusted earnings of $11.1 million or $0.42 per share for the period.

The company's revenue for the period rose 14.3% to $136.80 million from $119.68 million last year.

Genie Energy Ltd. earnings at a glance (GAAP) :

-Earnings: $10.63 Mln. vs. $8.12 Mln. last year.
-EPS: $0.40 vs. $0.30 last year.
-Revenue: $136.80 Mln vs. $119.68 Mln last year.

by RTTNews Staff Writer

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