Aemetis Q3 Sales $68.69M Miss $75.50M Estimate, Gross Profit Was $492,000 Compared With $1.1M Gross Loss In Year-Ago Period, India Biodiesel Segment Provided $2.8M In Gross Income
Portfolio Pulse from Benzinga Newsdesk
Aemetis reported Q3 sales of $68.69M, missing the analyst consensus estimate of $75.50M by 9.02%. This is a 4.37% decrease from the same period last year. However, the company's gross profit was $492,000, compared to a $1.1M gross loss in the year-ago period. The India Biodiesel segment provided $2.8M in gross income.
November 09, 2023 | 1:18 pm
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Aemetis' Q3 sales missed estimates, but the company saw an improvement in gross profit. The India Biodiesel segment also contributed significantly to the gross income.
Aemetis' sales missed estimates, which could negatively impact the stock price. However, the improvement in gross profit and the contribution from the India Biodiesel segment could offset some of the negative impact.
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