Recap: Alto Ingredients Q2 Earnings

Recap: Alto Ingredients Q2 Earnings

 

Alto Ingredients ALTO reported its Q2 earnings results on Monday, August 8, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Alto Ingredients beat estimated earnings by 222.22%, reporting an EPS of $0.29 versus an estimate of $0.09.

Revenue was up $64.08 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.18 which was followed by a 1.63% drop in the share price the next day.

Here's a look at Alto Ingredients's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.14 0.31   0.15
EPS Actual -0.04 0.49 -0.05 0.09
Revenue Estimate 341.88M 323.30M 267.01M 288.09M
Revenue Actual 308.12M 385.49M 305.56M 298.11M

To track all earnings releases for Alto Ingredients visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews