Gevo Reports Third Quarter 2016 Financial Results
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Gevo (GEVO) Reports In-Line Q3 Loss of 9c/Share
November 14, 2016 4:00 PM ESTGevo (NASDAQ: GEVO) reported Q3 EPS of ($0.09), in-line with the analyst estimate of ($0.09). Revenue for the quarter came in at $6.9 million versus the consensus estimate of $9.12 million.
Outlook for 2016
As previously disclosed, Gevo restarted production of isobutanol at its production facility in Luverne, MN, (the Luverne Plant) in March 2016. All operations, including the distillation system, are now up and running. During the third quarter, Gevo produced approximately 145,000 gallons of isobutanol. During 2016, Gevo has produced a total of approximately 240,000 gallons of isobutanol.
In terms of its previously issued 2016... More
