Alto Ingredients Inc (ALTO)

[Rule_62]

The reported losses in commodity contracts accounts for $2.626 M. That works out to 11 cents/share of anticipated earnings right there. The good news is ethanol has been steadily climbing since October 3rd.

Also production for the quarter as actually 46.8M gallons, as opposed to an expected 50M. That adds up to a healthy chunk of change. I suspect it took longer to get Madera up to full capacity than we anticipated

I don't have time to go through the entire filing until tomorrow evening, but perhaps the answers are all there, waiting to be dug out.