Aemetis falls on bigger-than-expected Q4 loss

Aemetis

09/03/2023 16:09

** Shares of ethanol producer Aemetis Inc  AMTX.O  fall
11.6% to $3.10, an over two-year low
    ** AMTX reports Q4 loss of 63 cents​​ per share, bigger than
analysts' mean expectation of 25 cents per share - Refinitiv
    ** Company's revenue rises 3.7% to $66.73 mln from a year
earlier, but falls short of analysts' estimate of $71.44 mln
    ** Bottomline hurt by lower selling price of ethanol and
higher price of corn
    ** Stock down 22% so far this year; fell 68% in 2022

 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))