Green Plains Inc (GPRE) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.19. Analysts had a consensus of $0.02. The company posted revenue of $887.70 million in the period, compared to analysts expectations of $851.09 million. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Green Plains Inc closed down -0.31 points or -1.35% at $22.68 with 6,58,351 shares getting traded on Friday. Post opening the session at $22.78, the shares hit an intraday low of $22.3 and an intraday high of $22.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 24, 2016, Michelle Mapes (EVP – Gen Counsel Corp Sec) sold 3,000 shares at $19.50 per share price. According to the SEC, on Jun 6, 2016, Walter S Cronin (EVP – Commercial Operations) sold 3,701 shares at $18.92 per share price. On May 12, 2016, Wayne Hoovestol (director) purchased 6,500 shares at $14.94 per share price, according to the Form-4 filing with the securities and exchange commission.
Green Plains Inc. is a producer marketer and distributor of ethanol. The Company operates in four segments: Ethanol Production segment which is engaged in the production of ethanol and related distillers grain; Corn Oil Production segment which is engaged in corn oil extraction systems; Agribusiness segment which is engaged in grain handling and storage and cattle feedlot operations and Marketing and Distribution segment which is engaged in marketing and providing logistical services for ethanol and other commodities for a third-party ethanol producer. It owns an ethanol production facility which includes approximately 100 million gallons per year of production capacity a corn oil extraction system and other related assets. It processes approximately 12 million tons of corn annually producing over 1.2 billion gallons of ethanol approximately 3.4 million tons of livestock feed and approximately 275 million pounds of industrial grade corn oil at full capacity.