Renewable Energy Group (REGI) Misses Q3 EPS by 6c

November 2, 2016 5:49 PM EDT
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Renewable Energy Group (NASDAQ: REGI) reported Q3 EPS of $0.59, $0.06 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $624.6 million versus the consensus estimate of $491.8 million.

"We achieved solid growth in the third quarter with significant increases in gallons sold, gallons produced, revenue and adjusted EBITDA," said REG President and CEO Daniel J. Oh. "REG Life Sciences delivered its first commercial product last week, our biomass-based diesel fleet is operating efficiently and profitably and REG Geismar is up and running well with no planned downtime for the remainder of the year. We believe we are positioned for a strong finish to the year.”

For earnings history and earnings-related data on Renewable Energy Group (REGI) click here.

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