American Electric Technologies (AETI) Misses Q3 EPS by 6c

American Electric Technologies (NASDAQ: AETI) reported Q3 EPS of $0.01, $0.06 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $13.8 million versus the consensus estimate of $14.71 million.

The Company reported a backlog of $8.84 million for the third quarter of 2015 which is down from the $16.51 million reported for the second quarter. Approximately $4 million of the backlog reduction was caused by the cancellation of an oil-related onshore production project with a major oil company.

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

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