Shares of REX American Resources Corporation (REX) are rising more than 16 percent in pre-market on Thursday to $50.95, after reporting better fourth-quarter profit than last year.
The producer and retailer of ethanol posted earnings of $20.57 million, or $1.16 per share for the fourth quarter, significantly higher than $8.16 million, or $0.47 per share in the same quarter a year ago, primarily helped by lower cost of sales.
Revenue for the quarter fell 6.3% to $187.61 million from $200.17 million last year, mainly due to lower product pricing.
REX American Resources shares had closed at $43.92, up 0.27 percent on Wednesday. The stock has been trading in the range of $27.47 - $51.19 in the last 1 year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.