Darling Ingredients Has (Even Bigger) Plans for Growing Its Green Diesel Business
Darling Ingredients (NYSE: DAR) released third-quarter 2019 results on Wednesday after the markets closed. Though its headline numbers didn't exactly look stellar at first glance, with earnings technically arriving below Wall Street's expectations, shares soared nearly 9% on Thursday as investors cheered the news.
When you dig deeper, however, Darling's quarterly update yields a number of encouraging developments from the rendering and biodiesel specialist -- among them a return to top-line growth, improved profitability, and plans to further expand its already lucrative Diamond Green Diesel (DGD) joint venture with Valero (NYSE: VLO).
Let's take a closer look at Darling's latest quarter, starting with how revenue and net income fared relative to the prior-year period:
Source Fool.com
