Adams Resources: 3Q Earnings Snapshot
HOUSTON (AP) _ Adams Resources & Energy Inc. (AE) on Wednesday reported third-quarter net income of $2 million, after reporting a loss in the same period a year earlier.
The Houston-based company said it had net income of 48 cents per share. Earnings, adjusted for pretax gains, came to 30 cents per share.
The oil and gas company posted revenue of $467.9 million in the period.
Adams Resources shares have fallen 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.23, a decline of 7 percent in the last 12 months.