Darling: Q4 Earnings Snapshot
By AP News
Published - Feb 27, 2023, 06:06 PM ET
Last Updated - Jun 22, 2023, 07:15 PM EDT
IRVING, Texas (AP) — IRVING, Texas (AP) — Darling Ingredients Inc. (DAR) on Monday reported fourth-quarter net income of $156.6 million.
The Irving, Texas-based company said it had profit of 96 cents per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to $1.08 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The producer of natural ingredients from edible and inedible bionutrients posted revenue of $1.77 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $1.8 billion.
