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Clean Energy Fuels Corp. (NASDAQ:CLNE) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.83%.
Clean Energy Fuels Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.23 in the quarter versus EPS of $-0.21 in the year-earlier quarter.
Revenue: Rose 14.99% to $99.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Clean Energy Fuels Corp. reported adjusted EPS loss of $0.23 per share. By that measure, the company missed the mean analyst estimate of $-0.22. It beat the average revenue estimate of $91.53 million.
Quoting Management: Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated, “2012 was a historical year for Clean Energy. Our revenues are higher than ever before, we delivered 25% more gallons of fuel to our customers than last year, and I am particularly proud that we accomplished our goal of building the first 70 LNG fueling stations along America’s Natural Gas Highway. We believe all of this has positioned the company extremely well for what should be an exciting 2013 as we grow our core businesses and more importantly, as the heavy-duty trucking industry begins to transition to natural gas in earnest.”
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