Ameresco: 3Q Earnings Snapshot

November 5, 2019 GMT

FRAMINGHAM, Mass. (AP) _ Ameresco (AMRC) on Tuesday reported third-quarter earnings of $8.9 million.

The Framingham, Massachusetts-based company said it had profit of 19 cents per share. Earnings, adjusted for non-recurring gains, came to 18 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The energy services company posted revenue of $212 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $235 million.

Ameresco expects full-year earnings to be 77 cents to 85 cents per share, with revenue in the range of $845 million to $885 million.

Ameresco shares have risen almost 8% since the beginning of the year. The stock has declined 3% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMRC at https://www.zacks.com/ap/AMRC