REX American Resources: Down after posting loss, lower revenue

REX American Resources

04/12/2019 17:42

** Ethanol producer's shares  REX.N  fall as much as 8% to
three-week low of $86.35 after reporting quarterly loss and
lower revenue
    ** REX posts Q3 loss of 32 cents/share, compared with a
profit of $1.86/share a year earlier, hurt by weakness at its
ethanol and by-products segment
    ** Revenue falls 30% to $86.7 million in Q3  urn:newsml:reuters.com:*:nBw9Tnjh2a
    ** Net sales declined primarily due to reduced ethanol
gallons sold as the NuGen Energy facility in South Dakota faced
difficulties sourcing corn - CEO Zafar Rizvi
    ** REX up 35% this year after falling 16% in 2017 and 18% in
2018

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@ThomsonReuters.com))