NEW YORK (TheStreet) -- Darling Ingredients(DAR) - Get Report stock is gaining 6.82% to $13 in after-hours trading on Thursday, after the company reported better than expected earnings per share for the second quarter of 2015. Revenue, however, fell short of estimates.
The company reported adjusted earnings of 13 cents per diluted share on revenue of $859.3 million for the quarter ended July 4.
Analysts surveyed by Thomson Reuters were expecting the company to report earnings of 7 cents per share on revenue of $891.7 million.
Last year, the company posted earnings of 33 cents per share and $1.03 billion in revenue for the second quarter.
Sales fell in its food ingredients segment partly because of Russia's ban on western foods, which created an oversupply of raw material, CEO Randall Stuewe said in a statement.
Additionally, Darling Ingredients' board approved a $100 million share repurchase program over the next two years.
Irving, Texas-based Darling Ingredients is a developer and producer of natural ingredients for foods and bio-nutrients.
Separately, TheStreet Ratings team rates DARLING INGREDIENTS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate DARLING INGREDIENTS INC (DAR) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins, generally higher debt management risk and a generally disappointing performance in the stock itself."
You can view the full analysis from the report here: DAR Ratings Report