REX American Resources Q2 Profit Declines

RTTNews | 652 dagar sedan
Stocktwits
REX American Resources Q2 Profit Declines

(RTTNews) - REX American Resources Corp. (REX) on Wednesday reported that second-quarter net income attributable to REX common shareholders declined to $9.06 million or $0.52 per share from $11.17 million or $0.63 per share in the prior-year quarter.

Net sales and revenue for the quarter decreased to $211.98 million from $240.33 million in the same period last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.66 per share on revenues of $195.14 million for the quarter. Analysts' estimates typically exclude special items.

The year-over-year net sales and revenue decline primarily reflects a reduction in the quantities sold of ethanol, as well as lower prices for ethanol, dried and modified distillers grains, and corn oil.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Taggar: REX
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