ATCHISON, Kan. (AP) — ATCHISON, Kan. (AP) — MGP Ingredients Inc. (MGPI) on Wednesday reported a loss of $41.5 million in its fourth quarter.

The Atchison, Kansas-based company said it had a loss of $1.91 per share. Earnings, adjusted for non-recurring costs, were $1.57 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.

The producer of distillery and ingredients products used by the packaged goods industry posted revenue of $180.8 million in the period.

For the year, the company reported profit of $34.3 million, or $1.56 per share. Revenue was reported as $703.6 million.

MGP expects full-year earnings in the range of $2.45 to $2.75 per share, with revenue in the range of $520 million to $540 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGPI at https://www.zacks.com/ap/MGPI