Recap: Darling Ingredients Q3 Earnings
Portfolio Pulse from Benzinga Insights
Darling Ingredients (NYSE:DAR) reported Q3 earnings, missing estimated earnings by 31.86% with an EPS of $0.77 versus an estimate of $1.13. Revenue was down $123.00 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 3.64% drop in the share price the next day.
November 07, 2023 | 9:55 pm
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Darling Ingredients missed Q3 earnings estimates by 31.86% and reported a decrease in revenue. This follows a trend from last quarter where a miss on EPS led to a 3.64% drop in share price.
Darling Ingredients reported lower than expected earnings and a decrease in revenue. Given that a similar miss in the previous quarter led to a drop in share price, it is likely that this news will negatively impact the stock in the short term.
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