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NXT Energy Solutions posts profit of $11.3 million in 4th quarter

CALGARY – CALGARY, Alberta (AP) _ NXT Energy Solutions Inc. (NSFDF) on Thursday reported fourth-quarter net income of $11.3 million, after reporting a loss in the same period a year earlier.

The Calgary, Alberta-based company said it had profit of 21 cents per share.

The resource surveying company posted revenue of $12.7 million in the period.

For the year, the company reported net income of $8.3 million, or 17 cents per share, swinging to a profit in the period. Revenue was reported as $13.6 million.

The company’s shares closed at $1.11. A year ago, they were trading at $1.81.

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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 NSFDF at http://www.zacks.com/ap/NSFDF

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Keywords: NXT Energy Solutions, Earnings Report