Why Specialty Alcohols Producer & Distributor Alto Ingredients' Shares Are Tanking Today

Why Specialty Alcohols Producer & Distributor Alto Ingredients' Shares Are Tanking Today

Grand News Network / November 7, 2023 3:15 PM

Alto Ingredients Inc (NASDAQ: ALTO) shares are trading lower by over 55% after the company reported Q3 FY23 results.

Net sales of $318.1 million topped the consensus of $308.7 million.

Gross profit stood at $4.2 million, vs. a gross loss of $(19.8) million the prior year.

Adjusted EBITDA (including the ...

Full story available on Benzinga.com


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