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Green Plains Partners misses Street 1Q forecasts

OMAHA, Neb. (AP) _ Green Plains Partners LP (GPP) on Monday reported first-quarter earnings of $15 million.

The Omaha, Nebraska-based company said it had profit of 46 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The ethanol and fuel storage company posted revenue of $27.2 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $28.9 million.

Green Plains Partners shares have climbed roughly 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.15, a climb of 40 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPP at https://www.zacks.com/ap/GPP


Keywords: Green Plains Partners, Earnings Report