Genie Energy Ltd. Reports Fourth Quarter and Full Year 2018 Results
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Genie Energy (GNE) Reports Q4 EPS of $0.47
March 7, 2019 7:37 AM ESTGenie Energy (NYSE: GNE) reported Q4 EPS of $0.47, versus ($0.01) reported last year. Revenue for the quarter came in at $62.8 million, versus $73.1 million reported last year.
During 4Q18, Genie acquired a majority stake in Prism Solar Technologies, a solar solutions company and domestic manufacturer of high-efficiency bi-facial solar panels;In January 2019, Genie acquired a controlling interest in Helsinki-based Lumo Energia, a Finnish provider of retail electricity;Consolidated revenue in 4Q18 decreased to $62.8 million from $73.1 million. Full year 2018 revenue increased to $280.3 million from $264.2 million; Consolidated loss from operations in 4Q18 was $1.8... More