REX American Resources gains after Q1 profit beats estimates

REX American Resources

25/05/2022 15:40

** Shares of ethanol producer  REX.N  up 1.4% at $89
    ** Co reports Q1 profit applicable to shareholders of 87
cents/shr vs Refinitiv IBES est. of 78 cents/shr  urn:newsml:reuters.com:*:nBw2tpQN3a
    ** Beat helped by higher prices of ethanol, even as costs
increased, REX says
    ** Net sales grew 18% to $194.2 mln
    ** YTD, REX stock is down 8.3%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))