Alto Ingredients Q2 EPS $0.10 Beats $(0.07) Estimate, Sales $317.30M Beat $306.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alto Ingredients (NASDAQ:ALTO) reported Q2 earnings of $0.10 per share, beating the analyst consensus estimate of $(0.07) by 242.86%. However, this is a 65.52% decrease from the same period last year. The company also reported quarterly sales of $317.30 million, beating the estimate of $306.53 million by 3.51%, but this is a 12.39% decrease from last year.
August 07, 2023 | 8:13 pm
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Alto Ingredients reported better than expected Q2 earnings and sales, but both figures are down significantly YoY. This mixed result could lead to uncertain market reactions.
While Alto Ingredients beat Q2 estimates, the YoY decrease in both earnings and sales could be a concern for investors. This mixed result may lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100