Green Plains Renewable Energy Inc. (GPRE) reported Loss for first quarter that decreased from the same period last year but missed the Street estimates.
The company's bottom line came in at -$51.4 million, or -$0.81 per share. This compares with -$70.3 million, or -$1.20 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 28.3% to $597.2 million from $832.9 million last year.
Green Plains Renewable Energy Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$51.4 Mln. vs. -$70.3 Mln. last year.
-EPS (Q1): -$0.81 vs. -$1.20 last year.
-Revenue (Q1): $597.2 Mln vs. $832.9 Mln last year.
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