Alto Ingredients Q1 2024 GAAP EPS $(0.17) Misses $(0.14) Estimate, Sales $240.629M Beat $217.280M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alto Ingredients (NASDAQ:ALTO) reported Q1 2024 earnings with a GAAP EPS of $(0.17), missing the $(0.14) estimate by 21.43%, but sales of $240.629M exceeded the $217.280M estimate by 10.75%. Year-over-year, EPS improved by 5.56% from $(0.18), while sales decreased by 23.34% from $313.891M.
May 06, 2024 | 8:50 pm
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Alto Ingredients reported a Q1 2024 GAAP EPS of $(0.17), missing estimates by 21.43%, but sales of $240.629M beat estimates by 10.75%. EPS improved YOY, but sales declined.
The mixed results with a miss on EPS but a beat on sales forecasts suggest a neutral short-term impact on ALTO's stock price. The improvement in EPS YOY could be seen positively, but the significant decrease in sales YOY might raise concerns among investors.
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IMPORTANCE 90
RELEVANCE 100