Aemetis: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 08:19 AM ET
Last Updated - Jun 21, 2023, 10:53 PM EDT
CUPERTINO, Calif. (AP) — CUPERTINO, Calif. (AP) — Aemetis Inc. (AMTX) on Thursday reported a loss of $26.4 million in its first quarter.
The Cupertino, California-based company said it had a loss of 73 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.
The renewable fuels and specialty chemicals company posted revenue of $2.2 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $58.2 million.
