Pacific Ethanol: 2Q Earnings Snapshot

SACRAMENTO, Calif. (AP) _ Pacific Ethanol Inc. (PEIX) on Wednesday reported a loss of $13.2 million in its second quarter.

On a per-share basis, the Sacramento, California-based company said it had a loss of 31 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The ethanol producer posted revenue of $410.5 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $434.7 million.

In the final minutes of trading on Wednesday, the company's shares hit $2.65. A year ago, they were trading at $5.35.

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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 PEIX at https://www.zacks.com/ap/PEIX