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Market Impact: 0.35
REX American Resources Q2 Profit Rises Sharply, Revenue Increases- Update
Source: Nasdaq
Corporate EarningsEnergy Markets & PricesCompany Fundamentals
REX American Resources reported significantly higher Q2 profit, driven by production tax credit benefits, a jump in equity income from unconsolidated affiliates, and improved ethanol pricing. The mix of tax-driven tailwinds plus better pricing supported earnings upside versus the prior period.
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