Summary : Green Plains Renewable Energy Inc. (GPRE) on Tuesday reported second-quarter net income of $46.4 million.
The Omaha, Nebraska-based company said it had profit of 73 cents per share. Earnings, adjusted for non-recurring gains, were 36 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
OMAHA, Neb. (AP) _ Green Plains Renewable Energy Inc. (GPRE) on Tuesday reported second-quarter net income of $46.4 million.
The Omaha, Nebraska-based company said it had profit of 73 cents per share. Earnings, adjusted for non-recurring gains, were 36 cents per share.The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.The ethanol production, marketing and commodities company posted revenue of $1.01 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $843.1 million.This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPRE at https://www.zacks.com/ap/GPRE
