Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Alto Ingredients Stock Crashed After Earnings

TheMotleyFool

0 0

Why Alto Ingredients Stock Crashed After Earnings

Shares of Alto Ingredients (NASDAQ: ALTO) dropped 9.4% as of 11:45 a.m. EDT on Wednesday, after the company formerly known as Pacific Ethanol beat on sales but missed on profits in its second-quarter 2021 financial report, released Tuesday after market close.

Analysts had forecast that the producer of specialty alcohols like hand sanitizer would earn $0.15 per share on $288.1 million in sales this past quarter. In fact, it did $298.1 million in sales -- but managed to earn only $0.11 per share.

Source Fool.com

Like: 0

ALTO

Share