FRAMINGHAM, Mass. (AP) _ Ameresco (AMRC) on Monday reported first-quarter profit of $17.4 million.

On a per-share basis, the Framingham, Massachusetts-based company said it had profit of 32 cents. Earnings, adjusted for non-recurring costs, came to 36 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The energy services company posted revenue of $474 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $418.4 million.

Ameresco expects full-year earnings in the range of $1.85 to $1.95 per share, with revenue in the range of $1.83 billion to $1.87 billion.

Ameresco shares have declined 36% since the beginning of the year. In the final minutes of trading on Monday, shares hit $51.85, a drop of nearly 2% in the last 12 months.

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

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