ADA-ES Earnings: Here’s Why the Stock is Falling Now
ADA-ES, Inc. (NASDAQ:ADES) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.29%.
ADA-ES, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.32 in the quarter versus EPS of $-0.26 in the year-earlier quarter.
Revenue: Rose 12.17% to $58.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ADA-ES, Inc. reported adjusted EPS loss of $0.32 per share. By that measure, the company missed the mean analyst estimate of $-0.17. It missed the average revenue estimate of $65.24 million.
Quoting Management: Dr. Michael D. Durham, President and CEO of Advanced Emissions Solutions stated, “In the second quarter we were pleased with the continued success in our Emission Control business but disappointed and frustrated by the delays in the Refined Coal business that saw the closing of the lease contracts for two of our RC facilities slip into the third quarter of 2013. Going forward we will maintain focus on executing on opportunities that we expect will create significant revenue growth and cash flows for the Company over the next several months and coming years. We are positioning ourselves for continued long-term success and are developing technologies for expected future markets.”
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