Fuel Tech Reports 2020 Third Quarter Financial Results

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Go back to Fuel Tech Reports 2020 Third Quarter Financial Results

Fuel Tech (FTEK) Tops Q3 EPS by 14c, Revenues Beat

November 10, 2020 4:49 PM EST

Fuel Tech (NASDAQ: FTEK) reported Q3 EPS of $0.09, $0.14 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $8.2 million versus the consensus estimate of $6.25 million.

Although we have experienced some deferred decision-making on the part of some customers due in part to uncertainty created by the effect of COVID-19 pandemic, I am very proud of how our team has continued to navigate these challenging times. As a result of their efforts, we are seeing encouraging signs across our enterprise, said Vincent J. Arnone,... More