REX American Q1 Net Income Rises
(RTTNews) - REX American Resources (REX) reported first quarter net income attributable to shareholders of $10.2 million, compared to $5.2 million, last year. Net income per share was $0.58, compared to $0.30. Analysts polled by Thomson Reuters expected the company to report profit per share of $0.40, for the quarter. Analysts' estimates typically exclude special items.
Net sales and revenue was $161.2 million, compared with $212.7 million, last year. The company said the year-over-year net sales and revenue decrease primarily reflects reduced pricing for ethanol and co-products. Analysts on average had estimated $165.28 million in revenue.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.