Green Plains rises on Q4 profit vs prior-year loss; explores strategic options

Green Plains

07/02/2024 15:14

** Shares of biorefining firm Green Plains  GPRE.O  up 17.5%
at $23.52
    ** Co reports Q4 net income of $7.2 mln, vs loss of $38.6
million in the corresponding quarter last year, on higher
margins in its ethanol production segment
    ** Firm posts quarterly core profit of $44.7 million as
compared to $5.7 million last year
    ** Co initiates a review to explore strategic options for
the company
    ** GPRE stock down ~30% over the past year

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))