Darling Ingredients Q3 Profit Halves - Quick Facts

(RTTNews) - Darling Ingredients Inc (DAR) reported third-quarter net earnings of $14.32 million or $0.09 per share, lower than $27.65 million or $0.23 per share in the prior-year quarter.

Excluding items, adjusted earnings for the latest quarter would have been $0.10 per share. On average, six analysts polled by Thomson Reuters projected earnings of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter more than doubled to $955.80 million from $425.79 million in the same quarter last year, helped by newly acquired operations. Six analysts had a consensus revenue estimate of $988.53 million for the quarter.