New Fortress Energy Inc Q3 Profit misses estimates

(RTTNews) - New Fortress Energy Inc (NFE) released earnings for third quarter that missed the Street estimates.

The company's bottom line came in at $61.22 million, or $0.30 per share. This compares with $61.85 million, or $0.29 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 29.7% to $514.46 million from $731.93 million last year.

New Fortress Energy Inc earnings at a glance (GAAP) :

-Earnings (Q3): $61.22 Mln. vs. $61.85 Mln. last year. -EPS (Q3): $0.30 vs. $0.29 last year. -Analyst Estimates: $0.43 -Revenue (Q3): $514.46 Mln vs. $731.93 Mln last year.