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Montrose Environmental: Q1 Earnings Snapshot

·1 min read

IRVINE, Calif. (AP) _ Montrose Environmental Group, Inc. (MEG) on Wednesday reported a first-quarter loss of $11.6 million, after reporting a profit in the same period a year earlier.

The Irvine, California-based company said it had a loss of 62 cents per share. Losses, adjusted for non-recurring costs, came to 2 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The company posted revenue of $133.8 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $93.9 million.

Montrose Environmental shares have climbed 61% since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEG at https://www.zacks.com/ap/MEG

The Associated Press

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