Energy Central News

Curated power industry news from thousands of top sources.

News

Renewable Energy Group: 2Q Earnings Snapshot

Source: 
Associated Press

AMES, Iowa (AP) _ Renewable Energy Group Inc. (REGI) on Tuesday reported second-quarter net income of $830,000, after reporting a loss in the same period a year earlier.

The Ames, Iowa-based company said it had net income of 2 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The biodiesel producer posted revenue of $546 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $502.9 million.

Renewable Energy Group shares have climbed slightly more than 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.68, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REGI at https://www.zacks.com/ap/REGI

Discussions

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »