MGP: Q1 Earnings Snapshot
ATCHISON, Kan. (AP) — ATCHISON, Kan. (AP) — MGP Ingredients Inc. (MGPI) on Thursday reported first-quarter profit of $30.8 million.
On a per-share basis, the Atchison, Kansas-based company said it had profit of $1.39.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The producer of distillery and ingredients products used by the packaged goods industry posted revenue of $201 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $198.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGPI at https://www.zacks.com/ap/MGPI
