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home / news releases / ALTO - Why Alto Ingredients Stock Crashed Today


ALTO - Why Alto Ingredients Stock Crashed Today

Ugh. Today is not looking like a great day to own shares of Alto Ingredients (NASDAQ: ALTO) ! (And unfortunately, I do own shares of Alto Ingredients.)

The company formerly known as Pacific Ethanol reported its fiscal Q4 and full-year 2020 earnings last night, and the news was not good. Alto missed earnings badly, posting a $0.30 loss per share when analysts had predicted a $0.24 profit. Revenue of $168.8 million also failed to meet analysts' consensus estimate of $234.2 million.

Image source: Getty Images.

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Why Alto Ingredients Stock Crashed Today
Stock Information

Company Name: Alto Ingredients Inc.
Stock Symbol: ALTO
Market: NASDAQ
Website: altoingredients.com

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