Pacific Ethanol: 4Q Earnings Snapshot
SACRAMENTO, Calif. (AP) _ Pacific Ethanol Inc. (PEIX) on Thursday reported a loss of $41.1 million in its fourth quarter.
On a per-share basis, the Sacramento, California-based company said it had a loss of 85 cents. Losses, adjusted for asset impairment costs and to extinguish debt, came to 27 cents per share.
The ethanol producer posted revenue of $357.6 million in the period.
For the year, the company reported that its loss widened to $88.9 million, or $1.90 per share. Revenue was reported as $1.42 billion.
In the final minutes of trading on Thursday, the company's shares hit 36 cents. A year ago, they were trading at $1.04.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEIX at https://www.zacks.com/ap/PEIX