Fuel Tech (NASDAQ:FTEK) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:20 PM.
Here’s what investors need to know about the announcement.
Earnings
Fuel Tech beat estimated earnings by 50.0%, reporting an EPS of $-0.01 versus an estimate of $-0.02.
Revenue was up $1.75 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 4.05% drop in the share price the next day.
Here’s a look at Fuel Tech’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.03 | -0.02 | -0.03 | -0.02 |
| EPS Actual | -0.01 | 0.01 | -0.01 | -0.03 |
| Revenue Estimate | 6.38M | 6.62M | 6.13M | 5.95M |
| Revenue Actual | 7.02M | 8.02M | 6.37M | 5.54M |
To track all earnings releases for Fuel Tech visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
