Fuel Tech (FTEK) Misses Q4 EPS by 6c

Fuel Tech (NASDAQ: FTEK) reported Q4 EPS of ($0.04), $0.06 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $18.7 million versus the consensus estimate of $21 million.

Douglas G. Bailey, Chairman, President and Chief Executive Officer of Fuel Tech, commented, “This non-cash charge was taken to eliminate the intangible carrying value of our APC asset portfolio as we believe that persistent regulatory uncertainty may continue to constrain the near-term domestic U.S. market. However, we anticipate that our geographic diversification in the APC segment will provide an increasing contribution to overall profitability in 2015. Notwithstanding this charge, the Advanced Combustion Technology, Inc. assets acquisition was a meaningful contributor to Fuel Tech’s growth over the past six years. Moreover, we continue to believe that significant strategic value resides within our entire APC technologies portfolio as a proven and cost-effective means to control hazardous emissions in evolving global markets."

For earnings history and earnings-related data on Fuel Tech (FTEK) click here.

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