Fuel Tech Reports 2019 Second Quarter Financial Results

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Go back to Fuel Tech Reports 2019 Second Quarter Financial Results

Fuel Tech (FTEK) Misses Q2 EPS by 2c, Revenues Miss

August 13, 2019 4:22 PM EDT

Fuel Tech (NASDAQ: FTEK) reported Q2 EPS of ($0.04), $0.02 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $8.9 million versus the consensus estimate of $12.11 million.

Our Q2 2019 operating loss from continuing operations of $843,000 included operating losses at our soon-to-be suspended Air Pollution Control (APC) China operations (Beijing Fuel Tech) of $540,000, said Vincent J. Arnone, Chairman, President and CEO of Fuel Tech. Excluding the impact of these Beijing Fuel Tech losses, our consolidated operating loss... More