Darling Intl (DAR) Misses Street, Down 8% AH

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09:57:59 pm on March 3, 2010

Darling Intl (DAR) reported results after  the bell today that were considerably below analyst estimates. The company reported a Q4 EPS of $0.11, versus the analyst estimate of $0.17 on revenues of $149.6 million, vs the estimate of $163.18 million.  That’s a big improvement on the EPS side from the year ago quarter in which the company reported a -.04/share loss, but revenues were flat.  Shares are down about 8% AH on the miss.

The CEO blamed the difficult year on lower cattle, hog and poultry slaughters as well as declining volumes of fast food grease.  Darling is implementing cost cutting measures to deal with lower volumes.

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