IRVING, Texas (AP) _ Darling Ingredients Inc. (DAR) on Wednesday reported second-quarter net income of $26.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Irving, Texas-based company said it had net income of 16 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The producer of natural ingredients from edible and inedible bionutrients posted revenue of $827.3 million in the period.
Darling shares have risen slightly more than 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.68, a drop of nearly 5% in the last 12 months.