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PEIX - Pacific Ethanol, Inc. (PEIX)
Pacific Ethanol, Inc. (PEIX) is rallying tonight by 20% after releasing earnings. PEIX stock is currently trading at $0.47 in afterhours.
Pacific Ethanol, Inc. Reports First Quarter 2011 Financial Results
Net Sales for the First Quarter of 2011 Grew 143% Over the Same Period of 2010
Total Gallons Sold for the First Quarter of 2011 Increased 44% Over the Same Period of 2010
Adjusted EBITDA for the First Quarter of 2011 Improved to $1.5 Million From a Loss of $6.4 Million in the Same Period of 2010
SACRAMENTO, Calif., May 11, 2011 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (Nasdaq:PEIX - News), the leading marketer and producer of low-carbon renewable fuels in the Western United States, reported its financial results for the quarter ended March 31, 2011.
Neil Koehler, the company's president and CEO, stated: "In the first quarter of 2011, we built on the strong foundation established in 2010 as we narrowed our loss from $11.7 million in the first quarter of 2010 to near breakeven this quarter, despite a challenging margin environment. We increased total gallons sold for the seventh consecutive quarter, demonstrating a compound annual growth rate of 66 percent. In addition, our 60 million gallon Stockton facility contributed to our growth in total gallons sold and gross profit. We look forward to building on this momentum into the months ahead."
http://finance.yahoo.com/news/Pacific-Ethanol-Inc-Reports-pz-202989...
Tags: 2011, earnings, ethanol, may, pacific, peix, stock
Views: 2645
Replies to This Discussion
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Permalink Reply by Chad Sadler on -
so any reason for the 30% increase today! crazy!
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Permalink Reply by Harold Dumur on
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30%??? where do you see that :
1.17+0.03 (2.63%)After Hours: 1.19 +0.02 (1.71%) Mar 16, 4:40PM EDT
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Permalink Reply by Jason ullery on -
This stock as been trading between 1.04 then up to 1.20 and then falls back....thoughts on breaking resistance ?
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Top MemberPermalink Reply by Ty Ccord on -
it was 1.60 less then a month ago. it's hard to tell on peix chart. broke 200ma didn't mean squat. you know the rents to damn high guy! well for ethanol the corn price is to damn high! prices usually fall of in summer and were due for a bumper crop. im keeping peix on back burner
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