Shares of Vertex Energy (NASDAQ:VTNR) rallied 12% in pre-market trading to $0.65 after the company reported Q1 results.
Earnings per share fell 40.00% year over year to ($0.21), which missed the estimate of ($0.03).
Revenue of $36,203,000 decreased by 7.93% from the same period last year, which missed the estimate of $44,730,000.
Earnings guidance hasn't been issued by the company for now.
Vertex Energy hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: May 14, 2020
Time: 09:18 PM ET
Webcast URL: https://irdirect.net/vtnr?title_override=Events
Recent Stock Performance
52-week high: $1.95
52-week low: $0.45
Price action over last quarter: down 37.50%
Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its operating segments are Black Oil, Refining and Marketing, and Recovery. The company generates maximum revenue from the Black Oil segment. Its Black Oil segment aggregates and sells used motor oil. The company collects used oil from businesses such as oil change service stations, automotive repair shops, petroleum refineries, and petrochemical manufacturing operations.