Alto Ingredients jumps as Q4 sales more than double

Alto Ingredients

11/03/2022 11:55

** Shares of specialty alcohol maker Alto Ingredients
 ALTO.O  jump ~14% to $6.65 before the bell 
    ** Stock set to open at an over nine-month high if premarket
gains hold
    ** ALTO after market hours on Thursday reported a 128% surge
in Q4 net sales, thanks to higher sales prices  urn:newsml:reuters.com:*:nGNX8m0czF  
    ** Co also posted a profit of $35.4 mln, or 49 cents per
share, compared with a net loss of $20.5 mln, or 30 cents/shr a
year earlier
    ** As of last close, stock was up ~21% this year

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))