Ameresco: Q1 Earnings Snapshot

FRAMINGHAM, Mass. (AP) _ Ameresco (AMRC) on Tuesday reported first-quarter net income of $11.2 million.

On a per-share basis, the Framingham, Massachusetts-based company said it had net income of 22 cents. Earnings, adjusted for non-recurring costs, came to 25 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The energy services company posted revenue of $252.2 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $202.5 million.

Ameresco expects full-year earnings in the range of $1.22 to $1.30 per share, with revenue in the range of $1.11 billion to $1.16 billion.

Ameresco shares have fallen slightly more than 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $47.87, nearly tripling in the last 12 months.

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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