IRVING, Texas — Darling Ingredients Inc. (DAR) on Wednesday reported a second-quarter loss of $30.4 million, after reporting a profit in the same period a year earlier.
The Irving, Texas-based company said it had a loss of 18 cents per share. Earnings, adjusted for non-recurring costs, were 11 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The producer of natural ingredients from edible and inedible bionutrients posted revenue of $846.6 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $874.3 million.
Darling shares have increased 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.50, a rise of 25 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 DAR at https://www.zacks.com/ap/DAR