Alto Ingredients Inc (ALTO)

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Warum fällt Alto Ingredients Inc-Aktie (ALTO)?

Wir haben während der Handelssitzung 2024-11-07 einen Rückgang der Aktie Alto Ingredients Inc (ALTO) um 37.63% festgestellt. Obwohl dies auf normale Volatilität oder verschiedene interne und externe Faktoren zurückzuführen sein kann, beachten Sie bitte, dass wir die Situation aktiv beobachten und so schnell wie möglich zeitnahe Updates bereitstellen!

2023-11-07:

Alto Ingredients Inc Stock (ALTO) dropped by 60.73% from $4.915 to $1.93 in the trading on Tuesday November 7, 2023. The reason why ALTO stock down today is due to its ** mixed third-quarter earnings results**.

Net sales of $318.1 million, topped the consensus of $308.7 million. Gross profit stood at $4.2 million, vs. a gross loss of $(19.8) million the prior year.
EPS loss of $(0.05), missed the consensus of $0.10. Adjusted EBITDA came in at $4.7 million versus a loss of $(20.6) million a year ago.
Q3 results reflect the contribution from stronger ethanol crush margins partly offset by the impact of unusually high unscheduled downtime that lowered the anticipated production volumes and shifted the mix toward lower margin products.

WLK

$129.16

0.98%

RPM

$136.31

1.39%

IFF

$89.78

1.06%

LYB

$82.80

0.39%

PPG

$122.68

1.15%

$82.75

1.10%

Alto Ingredients Inc (ALTO)

Warum fällt Alto Ingredients Inc-Aktie (ALTO)?

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