CORRECTION: Alto Ingredients Q3 EPS $(0.05) Misses $0.09 Estimate, Sales $318.13M Beat $308.71M Estimate
Portfolio Pulse from saritha@benzinga.com
Alto Ingredients reported Q3 2023 earnings of $0.05 per share, missing the analyst consensus estimate of $0.09 by 44.44%. However, this is a 112.82% increase over losses from the same period last year. The company's quarterly sales of $318.13 million beat the analyst consensus estimate of $308.71 million by 3.05%, but this is a 5.57% decrease over sales from the same period last year.

November 06, 2023 | 9:35 pm
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NEUTRAL IMPACT
Alto Ingredients missed earnings estimates but showed a significant YoY improvement. Sales beat estimates but decreased YoY.
While Alto Ingredients missed earnings estimates, the YoY improvement indicates a positive trend. However, the YoY decrease in sales could be a concern for investors, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100