Pacific Ethanol (PEIX -11.8%) announces a wider loss in Q1, as a boost in revenues was...
Pacific Ethanol (PEIX -11.8%) announces a wider loss in Q1, as a boost in revenues was diminished by reduced margins. Net losses were $0.06/share vs. consensus breakeven of two analyst estimates; revenues rose 14% Y/Y to $198M vs. $252M consensus. PEIX's application for E15 registration was recently approved by the EPA; E15 is a mix of 85% gasoline, 15% ethanol.
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