REX American Resources climbs on upbeat Q3 revenue

REX American Resources

01/12/2022 16:42

** Shares of ethanol producer REX American Resources Corp
 REX.N  surge 16.7% to $34.37; their highest in more than three
months
    ** Co's Q3 net sales and revenue jumps over 8% to $220.3 mln
from year-ago quarter  urn:newsml:reuters.com:*:nBwvdjwca
    ** Rise in revenue reflects higher pricing for ethanol,
dried distillers grains, non-food grade corn oil and modified
distillers grains - co
    ** REX reports Q3 adj. earnings of $0.18/shr vs lone analyst
estimate of $0.12/shr - Refinitiv  urn:newsml:reuters.com:*:nL8N32R4NB
    ** Co has faced price increases in their two large inputs
corn and natural gas in Q3, says CEO Zafar Rizvi
    ** Stock is up 7.1% YTD, including the session's gains
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))