Revenue Update on Green Plains Inc(NASDAQ:GPRE)

Green Plains Inc(NASDAQ:GPRE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $887.73M. Analysts estimated a revenue of $792.83M. Earnings per share were $0.21. Analysts had estimated an EPS of $-0.08.

Green Plains Inc (GPRE) made into the market gainers list on Mondays trading session with the shares advancing 1.24% or 0.28 points. Due to strong positive momentum, the stock ended at $22.8, which is also near the day’s high of $23.24. The stock began the session at $22.82 and the volume stood at 8,30,759 shares. The 52-week high of the shares is $24.42 and the 52 week low is $12.385. The company has a current market capitalization of $872 M and it has 3,82,44,535 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Michelle Mapes (EVP – Gen Counsel Corp Sec) sold 3,000 shares at $19.50 per share price.Also, On Jun 6, 2016, Walter S Cronin (EVP – Commercial Operations) sold 3,701 shares at $18.92 per share price.On May 12, 2016, Wayne Hoovestol (director) purchased 6,500 shares at $14.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Green Plains Inc. is a producer marketer and distributor of ethanol. The Company operates in four segments: Ethanol Production segment which is engaged in the production of ethanol and related distillers grain; Corn Oil Production segment which is engaged in corn oil extraction systems; Agribusiness segment which is engaged in grain handling and storage and cattle feedlot operations and Marketing and Distribution segment which is engaged in marketing and providing logistical services for ethanol and other commodities for a third-party ethanol producer. It owns an ethanol production facility which includes approximately 100 million gallons per year of production capacity a corn oil extraction system and other related assets. It processes approximately 12 million tons of corn annually producing over 1.2 billion gallons of ethanol approximately 3.4 million tons of livestock feed and approximately 275 million pounds of industrial grade corn oil at full capacity.

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