American Electric Technologies (AETI) Misses Q1 EPS by 12c

American Electric Technologies (NASDAQ: AETI) reported Q1 EPS of $0.02, $0.12 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $15.3 million versus the consensus estimate of $21.58 million.

"The improved profitability in Q1 was the result of very hard work by our team in resolving the execution challenges related to our new product introductions and some project related execution issues that drove us to losses in Q3 and Q4", said Charles Dauber, president and chief executive officer, AETI. "We are executing our strategy to build the products, capabilities, capacity and the team to become a market leading provider of power delivery solutions to the global energy industry and we are well positioned to succeed in growing our market share for our products and services."

For earnings history and earnings-related data on American Electric Technologies (AETI) click here.

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