Pacific Ethanol (PEIX) Posts Quarterly Earnings, Beats Expectations By $0.12 EPS
Pacific Ethanol (NASDAQ:PEIX) announced its earnings results on Wednesday. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.12, StockRatingsNetwork.com reports. The company had revenue of $321.10 million for the quarter, compared to the consensus estimate of $262.27 million. The company’s quarterly revenue was up 37.3% on a year-over-year basis.
Pacific Ethanol (NASDAQ:PEIX) traded up 1.57% on Wednesday, hitting $18.81. 1,579,094 shares of the company’s stock traded hands. Pacific Ethanol has a one year low of $2.33 and a one year high of $19.10. The stock has a 50-day moving average of $16.0 and a 200-day moving average of $13.10. The company’s market cap is $378.9 million.
Pacific Ethanol, Inc is a marketer and producer of low carbon renewable fuels in the Western United States.
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