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Green Plains Renewable Energy (GPRE) Reports Strong Results

Posted by Tate Dwinnell | # |
10:35:20 am on October 13, 2008

After the bell on Friday, Green Plains Renewable Energy reported very good Q3 results as revenues continue to soar.  The company still reported a loss of .11/share in the typically weak 3rd quarter but much less than the loss of .40/share in the year ago quarter as revenues surged to over 100 million for the first time in its short history. 

“In recent months, there have been extreme fluctuations in commodity markets,” said Wayne Hoovestol, Chief Executive Officer. “Our year-to-date results demonstrate strong operating performance. While our third quarter results reflect a modest loss, we believe that our active risk management practices, which focus on managing margins, have proven effective this quarter.”

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Read more on Green Plains Renewable Energy, Commodities at Wikinvest
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