Imperial Petroleum Inc. (IMPP) reported earnings for first quarter that decreased from the same period last year
The company's bottom line totaled $11.29 million, or $0.30 per share. This compares with $16.65 million, or $0.50 per share, last year.
Excluding items, Imperial Petroleum Inc. reported adjusted earnings of $12.18 million or $0.34 per share for the period.
The company's revenue for the period fell 22.1% to $32.091 million from $41.203 million last year.
Imperial Petroleum Inc. earnings at a glance (GAAP) :
-Earnings: $11.29 Mln. vs. $16.65 Mln. last year.
-EPS: $0.30 vs. $0.50 last year.
-Revenue: $32.091 Mln vs. $41.203 Mln last year.
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