Todd A Becker

Ethanol Maker Green Plains Plunges on Bigger-Than-Expected Loss

Ethanol Maker Green Plains Plunges on Bigger-Than-Expected Loss

Green Plains Inc. shares plunged the most in more than four years as the ethanol producer again disappointed investors with lower-than-expected financial results. The company postedBloomberg Terminal a loss of 38 cents a share for the second quarter, double the average analyst estimate compiled by Bloomberg. Revenue fell 28% from a year earlier amid lower prices for corn-based ethanol and dry distillers grains used in livestock feed. Source link lol
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