Pacific Ethanol, Inc. Q4 Income Drops 93%

(RTTNews) - Pacific Ethanol, Inc. (PEIX) released a profit for fourth quarter that dropped compared to the same period last year.

The company said its bottom line declined to $0.67 million, or $0.02 per share. This was down from $9.68 million, or $0.39 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 47.1% to $376.76 million. This was up from $256.15 million last year.

Pacific Ethanol, Inc. earnings at a glance:

-Earnings (Q4): $0.67 Mln. vs. $9.68 Mln. last year. -Earnings Decline (Y-o-Y): -93.1% -EPS (Q4): $0.02 vs. $0.39 last year. -EPS Decline (Y-o-Y): -94.9% -Revenue (Q4): $376.76 Mln vs. $256.15 Mln last year. -Revenue Change (Y-o-Y): 47.1%