MGP Ingredients (NASDAQ:MGPI) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $1.25 by 3.2 percent. The company reported quarterly sales of $161.461 million which missed the analyst consensus estimate of $161.551 million by 0.06 percent. This is a 23.70 percent decrease over sales of $211.624 million the same period last year.