Fuel Tech Reports 2020 First Quarter Financial Results
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Fuel Tech (FTEK) Reports In-Line Q1 EPS, Revenues Miss
May 12, 2020 5:03 PM EDTFuel Tech (NASDAQ: FTEK) reported Q1 EPS of ($0.10), in-line with the analyst estimate of ($0.10). Revenue for the quarter came in at $3.78 million versus the consensus estimate of $4.77 million.
Q1 2020 results primarily reflected continued delays in closing new Air Pollution Control (APC) business awards, along with lower revenues at FUEL CHEM®, said Vincent J. Arnone, Chairman, President and CEO of Fuel Tech. We are cautiously optimistic about new APC awards this year and are in... More
