After the bell, shares were tumbling 15.9% to $5.78.
The developer of combustion and emissions-control tech recorded net income of 2 cents a share in the three months to December. Analysts surveyed by Thomson Reuters had anticipated net income of 6 cents a share.
Revenue of $24.2 million was 9.1% lower year over year and missed forecasts by $4.8 million.
TheStreet Ratings team rates FUEL TECH INC as a Buy with a ratings score of B-. The team has this to say about their recommendation:
"We rate FUEL TECH INC (FTEK) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: FTEK Ratings Report