Why Alto Ingredients Shares Are Rising After Hours

Alto Ingredients Inc ALTO is trading higher in Thursday's after-hours session after the company reported better-than-expected top-line results. 

Alto Ingredients said fourth-quarter revenue increased 128% year-over-year to $385.5 million, which beat the $323.3 million estimate. 

Cost of goods sold totaled $343.4 million, up from $155.2 million in the fourth quarter of 2020. Gross profit reached $42.1 million, up from $13.6 million year-over-year.

Alto Ingredients is a producer of specialty alcohols and essential ingredients.

See Also: Why Blink Charging Shares Are Trading Lower After Hours

ALTO 52-Week Range: $4.39 - $7.66

Alto shares were up 14.73% at $6.70 at time of publication.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsSmall CapMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!