MGP (MGPI) Surpasses Q1 Earnings and Revenue Estimates

MGP (MGPI) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7%. A quarter ago, it was expected that this producer of distillery and ingredients products used by the packaged goods industry would post earnings of $1.38 per share when it actually produced earnings of $1.64, delivering a sur ...