BOSTON (Thomson Financial) - Pacific Ethanol Inc. Monday said it swung to a
first-quarter loss of $35.2 million, or 90 cents a share, from an year-earlier
profit of $3 million, or 5 cents a share.
Results for the latest quarter include a non-cash goodwill impairment charge
of 96 cents a share, the company said.
The mean estimate of analysts polled by Thomson Reuters was for a
first-quarter loss of 9 cents a share.
Revenue for the Sacramento, Calif.-based ethanol producer jumped 63% to
$161.5 million from $99.2 million a year earlier. Analysts, on average, had
estimated revenue of $154.6 million.
The company's shares closed Friday at $3.17.
Casey Logan
cl/vj
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|