The Andersons (ANDE) Misses Q2 EPS by 7c
Get Alerts ANDE Hot Sheet
EPS Growth %: -80.0%
Financial Fact:
Interest expense: 4.44M
Today's EPS Names:
ESCA, LICT, NKSH, More
Join SI Premium – FREE
The Andersons (NASDAQ: ANDE) reported Q2 EPS of $0.51, $0.07 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.24 billion.
"The first half of the year was challenging, in line with our expectations, due to the poor crop last fall in the Eastern Corn Belt," said CEO Pat Bowe. "While challenges in our Grain Group persisted, we did begin to see positive impacts from a good wheat harvest, and are starting to capture benefits from our productivity initiatives.
"We were encouraged to see good volumes of specialty products in our Plant Nutrient business," he continued. "However, margins were disappointing in the face of oversupply of basic nutrients and low grain prices. The industry is starting to see production curtailments in certain products which should help bring supply and demand more into balance."
For earnings history and earnings-related data on The Andersons (ANDE) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Iridium Communications (IRDM) Reports In-Line Q1 EPS; offers outlook
- Elevance Health (ELV) hikes 2024 earnings outlook, shares climb
- EasyJet expects reduced first-half loss as summer demand accelerates, shares rise
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!