Genie Energy Ltd. Profit Falls In Q3

(RTTNews) - Genie Energy Ltd. (GNE) announced earnings for third quarter that Drops, from last year

The company's earnings totaled $6.743 million, or $0.26 per share. This compares with $10.199 million, or $0.38 per share, last year.

Excluding items, Genie Energy Ltd. reported adjusted earnings of $7.1 million or $0.27 per share for the period.

The company's revenue for the period rose 23.6% to $138.324 million from $111.917 million last year.

Genie Energy Ltd. earnings at a glance (GAAP) :

-Earnings: $6.743 Mln. vs. $10.199 Mln. last year. -EPS: $0.26 vs. $0.38 last year. -Revenue: $138.324 Mln vs. $111.917 Mln last year.