Ceres (CERE) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS
Ceres (NASDAQ:CERE) issued its quarterly earnings data on Thursday. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.32) by $0.15, StockRatingsNetwork reports. The company had revenue of $806.00 million for the quarter. During the same quarter in the prior year, the company posted ($0.38) earnings per share.
Shares of Ceres (NASDAQ:CERE) traded down 6.72% during mid-day trading on Thursday, hitting $0.69. 556,626 shares of the company’s stock traded hands. Ceres has a 52-week low of $0.50 and a 52-week high of $3.64. The stock’s 50-day moving average is $0.67 and its 200-day moving average is $0.9. The company’s market cap is $33.3 million.
Ceres, Inc (NASDAQ:CERE) is an agricultural biotechnology company selling seeds to produce renewable biomass feedstocks.
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