Pacific Ethanol (PEIX) tanks after hours as its Q4 comes up shy of estimates. Net sales came in at $241.8M, up 80% from $134.2M in the year-ago period. Net losses for the period were $2.4M compared to net loss of $12.1M last year. The company also sees a 5% slowdown in industry output, and says it has cut back at its own plants a bit more than that. Shares -22% AH.