Fuel Tech Reports 2019 First Quarter Financial Results
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Fuel Tech (FTEK) Reports Q1 Loss of $0.05, Revenues Miss
May 13, 2019 4:17 PM EDTFuel Tech (NASDAQ: FTEK) reported Q1 EPS of ($0.05), versus ($0.01) reported last year. Revenue for the quarter came in at $10.2 million versus the consensus estimate of $13.74 million.
Our Q1 2019 net loss from continuing operations of $1.3 million included operating losses at our soon-to-be suspended Air Pollution Control (APC) China operations (Beijing Fuel Tech) and other charges totaling $1.2 million, as well as the unfavorable impact of the timing of completion of current APC projects under contract, said Vincent J. Arnone, Chairman, President and CEO of... More
