Benzinga | Jul 30, 2020 07:44AM EDT

MGP Ingredients Q2 Adj. EPS $0.54 Beats $0.48 Estimate, Sales $92.60M Miss $93.42M Estimate

MGP Ingredients (NASDAQ:MGPI) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.48 by 12.5 percent. This is a 17.39 percent increase over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $92.60 million which missed the analyst consensus estimate of $93.42 million by 0.88 percent. This is a 2.32 percent increase over sales of $90.50 million the same period last year.