Darling Ingredients Shares Pop 10% After Topping Q1 Estimates
Shares of Darling Ingredients (NYSE: DAR), a developer and producer of sustainable natural ingredients for food, feed, and fuel, popped over 10% early Thursday after the company mitigated COVID-19 impacts and topped analysts' estimates during the first quarter.
First-quarter revenue checked in with a 2% gain, compared to the prior year, to $853 million, which topped analysts' estimates calling for $851 million. The bottom-line result was more favorable with adjusted earnings per share reaching $0.51, well above the prior year's $0.11 per-share result and higher than analysts' estimates of $0.42 per share. First-quarter gross margin spiked 210 basis points to 24.1%, compared to the prior year.
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Source Fool.com
