Green Plains (GPRE) Misses Q1 EPS by 80c; offers commentary

Green Plains (NASDAQ: GPRE) reported Q1 EPS of ($1.20), $0.80 worse than the analyst estimate of ($0.40). Revenue for the quarter came in at $832.9 million versus the consensus estimate of $823.34 million.

"The outlook for the second quarter and beyond has improved and we are well positioned to participate in this upside. With strong driving demand in recent weeks, growth in nationwide E15 blending, and a larger initial corn acreage indication, margins are now positive for the next several quarters and we have begun to hedge a portion of our forward book."

For earnings history and earnings-related data on Green Plains (GPRE) click here.

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