Clean Energy Fuels (CLNE) Message Board

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Gold/Mining/Energy : Clean Energy Fuels (CLNE)

CLNE 2.860

+1.1%

Oct 31 9:30 AM EST

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From: i-node	10/28/2014 4:31:20 PM
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NEWPORT BEACH, Calif. (AP) _ Clean Energy Fuels Corp. (CLNE) on Thursday reported a loss of $30.1 million in its third quarter. On a per-share basis, the Newport Beach, California-based company said it had a loss of 32 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 27 cents per share. The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share. The provider of natural gas as an alternative fuel for vehicle fleets posted revenue of $103.4 million in the period, also exceeding Street forecasts. Analysts expected $101.6 million, according to Zacks. Clean Energy Fuels shares have decreased 48 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.68, a decrease of 42 percent in the last 12 months.

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