Darling Ingredients DAR shares trended up more than two percent in Thursday's after-hours session when the company posted a 136 percent jump in second-quarter sales.
The company, which recycles animal by-products and used cooking oil, said its processing plant in Louisiana caught fire August 3 and will be offline for 60 days, although "damage appears relatively slight" and there were no injuries.
Darling said second-quarter net income grew 24 percent $32.8 million, or $0.20 per share, from $26.4 million, or $0.22 per share a year earlier. Net sales more than doubled to $1 billion from $423.6 million.
Profits in the recent period were hurt by $9.2 million of non-cash adjustments and acquisition-related costs.
Analysts expected earnings of $0.28 per share on revenue of $993 billion.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
