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[QUOTE]Originally posted by IMAKEMONEY: [QB] Aventine Renewable Swings To 1Q Loss On $21.6M Impairment>AVR May 1, 2008 18:53:19 (ET) DOW JONES NEWSWIRES Aventine Renewable Energy Holdings Inc. (AVR) swung to a first-quarter loss of $10.8 million, or 26 cents a share, from year-ago earnings of $14.9 million, or 35 cents a share, due to a $21.6 million impairment charge related to auction-rate securities. Excluding items, per-share earnings were 26 cents. The Pekin, Ill., ethanol maker's revenue rose to $510 million from $436.7 million last year. The mean estimates of analysts polled by Thomson Reuters were for per-share earnings of 8 cents on revenue of $480.4 million. Analyst estimates typically exclude unusual items. Shares in Aventine Renewable continued to slide after hours, shedding 5 cents to $4.25 after a decline of 9 cents, or 2.1%, as of the close of the regular session. Shares in Aventine -Adam O. Manzor; 201-938-5400; AskNewswires*dowjones.com (END) Dow Jones Newswires May 01, 2008 18:53 ET (22:53 GMT) [/QB][/QUOTE]
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