Aemetis (AMTX) Releases Earnings Results, Beats Expectations By $0.02 EPS
Aemetis (NASDAQ:AMTX) announced its quarterly earnings results on Friday. The specialty chemicals company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.02, MarketWatch Earnings reports. The firm had revenue of $44.64 million during the quarter, compared to analyst estimates of $43.14 million.
Shares of AMTX stock opened at $0.93 on Friday. Aemetis has a 52 week low of $0.45 and a 52 week high of $3.12.
AMTX has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Aemetis from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. B. Riley set a $2.00 target price on shares of Aemetis and gave the stock a “hold” rating in a report on Monday, August 13th.
Aemetis Company Profile
Aemetis, Inc operates as a renewable fuels and bio-chemicals company in North America and India. The company focuses on the acquisition, development, and commercialization of various technologies that replace traditional petroleum-based products by the conversion of ethanol and biodiesel plants into advanced bio refineries.
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