Syntroleum lower after posting wider Q1 net loss
Shares of Syntroleum Corp. (Nasdaq:SYNM) are treading lower pre-bell after the converter of natural gas into synthetic liquid hydrocarbons posted a wider-than-expected first-quarter loss. Revenues beat the consensus on Wall Street, though, on account of a 77% reduction in SG&A expenses and one time non-cash licensing revenue from a settlement transaction with Marathon Oil Company.
Shares lost 8%, or $0.10, to $1.14 in ahead of the bell. For detailed price information and recent news stories about Syntroleum, click SYNM.
