Ceres, Inc (CERE)

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Funny how articles spin things. Earnings missed but revenues exceeded by quite a bit 1.1M, yet it is all negative in the local news. Ceres must have pissed off the reporter at some point.

Energy crop developer Ceres Inc. on Thursday reported annual losses that exceeded analyst estimates, as the company continues to struggle

The Thousand Oaks company reported a net loss of $29.3 million (-81 cents a share) for its fiscal year ended Aug. 31, compared with a loss of $32.5 million (-$1.31) in the previous year. Revenue fell 54 percent to $2.4 million.

Analysts on average expected a net loss of 61 cents on revenue of $1.3 million, according to Thomson Financial Network.

Ceres has struggled to find a market for its genetically engineered sweet sorghum seeds to make ethanol in Brazil. Sales have been lower than expected, and the company has not announced a profit since going public in 2012.

However, the company said in its earnings report that ethanol yields from the season were 35 percent higher on average than the previous season.

Shares closed down a penny to 28 cents on the Nasdaq.

http://sfvbj.com/news/2014/nov/20/briefs-tutor-perini-wesco-ceres/

And then at SeekingAlpha they put it this way.

Ceres misses by $0.20, beats on revenue
Nov 20 2014, 16:11 ET | By: Mohit Manghnani, SA News Editor

Ceres (NASDAQ:CERE): FY EPS of -$0.81 misses by $0.20.
Revenue of $2.4M (-54.2% Y/Y) beats by $1.1M.

Shares +14.3%.