Fuel Tech Inc (FTEK) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Fuel Tech Inc (FTEK) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $-0.11 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.10. The company posted revenue of $17.82 million in the period, compared to analysts expectations of $15.00 million. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.

Fuel Tech Inc closed down -0.03 points or -1.79% at $1.65 with 7,274 shares getting traded on Friday. Post opening the session at $1.69, the shares hit an intraday low of $1.65 and an intraday high of $1.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jan 4, 2016, Douglas G Bailey (Executive Chairman) purchased 15,000 shares at $1.85 per share price. According to the SEC, on Jan 4, 2016, Vincent J Arnone (CEO) purchased 12,000 shares at $1.85 per share price. On Jan 4, 2016, David S Collins (Sr. Vice President) sold 7,500 shares at $1.78 per share price, according to the Form-4 filing with the securities and exchange commission.

Fuel Tech Inc. is a technology company. The Company is engaged in the development commercialization and application of technologies for air pollution control process optimization combustion and engineering services. The Company operates as an integrated company with a capital projects business to leverage its Air Pollution Control (APC) technologies and a specialty chemicals business which builds upon its FUEL CHEM processes. Its products include nitrogen oxides (NOx) control systems and its ULTRA technology which converts urea-to-ammonia on site and provides reagent for use in Selective Catalytic Reduction (SCR) systems. The products include burner systems selective non-catalytic reduction (SNCR) systems combined systems ULTRA technology SCR processes and services and electrostatic precipitator (ESP) processes and services. The Company’s segments include Air Pollution Control technology segment and the FUEL CHEM technology segment.

Fuel Tech Inc

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