Hudson Tech: 2Q Earnings Snapshot
PEARL RIVER, N.Y. (AP) _ Hudson Technologies Inc. (HDSN) on Wednesday reported a second-quarter loss of $28.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Pearl River, New York-based company said it had a loss of 67 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The refrigerant services company posted revenue of $58.1 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $66 million.
In the final minutes of trading on Wednesday, the company’s shares hit $1.77. A year ago, they were trading at $8.03.