Penford posts 35% rise in Q2 profit
Penford Corp. (Nasdaq:PENX), a maker of specialty ingredients for the food industry, reported before Wednesday’s opening bell that its second-quarter profit rose 35% to $2.3 million, or $0.21 per share, from $1.7 million, or $0.19 per share, a year earlier. Wall Street analysts anticipated earnings of $0.19 per share.
In Wednesday morning trading, PENX shares are down 2.21%, or $0.51 at $22.56. For detailed price information and recent news stories about Penford, click PENX.
