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.
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For further details see:
Why Alto Ingredients Stock Crashed Today