MGP Ingredients (MGPI) shares fell more than 10% in recent Thursday trading after the company reported its quarterly results.
The firm reported Q3 adjusted earnings of $1.29 per diluted share, down from $1.34 a year earlier. Analysts polled by Capital IQ expected $1.23.
Sales for the quarter ended Sept. 30 were $161.5 million, down from $211.6 million a year ago. Analysts surveyed by Capital IQ expected $161.4 million.
MGP reaffirmed its recently revised guidance for fiscal 2024, expecting adjusted basic EPS of $5.55 to $5.65 on sales of $695 million to $705 million. Analysts expect sales of $699.2 million.
Price: 50.25, Change: -6.06, Percent Change: -10.76
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。