NEWPORT BEACH, Calif. (AP) _ Clean Energy Fuels Corp. (CLNE) on Thursday reported a first-quarter loss of $7.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Newport Beach, California-based company said it had a loss of 4 cents. Losses, adjusted for stock option expense and non-recurring costs, were 1 cent per share.
The provider of natural gas as an alternative fuel for vehicle fleets posted revenue of $77.1 million in the period.
Clean Energy Fuels shares have increased 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.79, more than quadrupling in the last 12 months.
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