Why Darling Ingredients Stock Popped Today
Shares of Darling Ingredients (NYSE: DAR) were up 9.2% as of 2:30 p.m. EST Thursday after the rendering and biodiesel company announced solid third-quarter 2019 results and plans to potentially significantly expand its Diamond Green Diesel (DGD) joint venture with Valero (NYSE: VLO).
Regarding the former, Darling's quarterly net revenue climbed 3.6% year over year to $842 million. That translated to net income of $25.7 million, or $0.15 per share, compared to a net loss of $0.04 per share in the same year-ago period. By comparison, most analysts were looking for slightly higher earnings of $0.17 per share, but on lower revenue of $834 million.
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Source Fool.com
