Pacific Ethanol (PEIX) Reports Larger Than Expected Loss

Posted by Tate Dwinnell | # |
08:52:41 am on August 11, 2008

Pacific Ethanol (PEIX) reported a big loss this morning of .23/share, much larger than the .12/share loss analysts had been expecting as soaring corn prices eroded profits.  Revenues came in on the light side as well at 198 million, vs the estimate of 206 million

Shares are down more than 15% this morning and the stock is once again trading below the 50 day moving average.

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