Wednesday, May 9, 2007

Ethanol sector slapped on bad VeraSun earnings

From Inside Greentech:

"Partly blaming high corn prices, prominent American ethanol maker VeraSun Energy (NYSE: VSE) dramatically missed analyst estimates in earnings this morning."

"VeraSun paid $4.05 per bushel of corn in the recent quarter, on average, compared with $1.87 a bushel in last year's first quarter."