NEW YORK (TheStreet) -- Pacific Ethanol
(PEIX - Get Report) stock is lower by -1.38% to $18.81 in after-hours trading as the company's second quarter earnings missed analyst estimates by 7 cents.
The ethanol company posted second quarter adjusted net income of $17.1 million, or 77 cents per diluted share, missing analysts' estimate of 84 cents per share, but up from $0.7 million, or 5 cents per diluted share one year ago.
Pacific Ethanol had a 37.3% increase year-over-year in net sales tof $321.1 million in the second quarter, compared to $233.8 million in the same quarter of 2013, helped by record total gallons sold resulting from increased production.
Must read: Warren Buffett's 25 Favorite Stocks