Darling Ingredients (DAR) Soars 11.4% as Investors Cheer Q3 Earnings

We recently published Why These 10 Stocks are Soaring by Double Digits. Darling Ingredients Inc. (NYSE:DAR) is one of the best performers on Thursday.

Darling Ingredients grew its share prices by 11.41 percent on Thursday to close at $34.67 apiece as investors cheered its improved earnings performance in the third quarter of the year.

In an updated report, Darling Ingredients Inc. (NYSE:DAR) said its attributable net income jumped by 14.22 percent to $19.36 million from $16.95 million in the same period last year, as net sales grew by 9.8 percent to $1.56 billion from $1.42 billion year-on-year.

“Our core ingredients business continues to build momentum, driven by strong fundamentals across all segments,” Darling Ingredients Inc. (NYSE:DAR) Chairman and CEO Randall Stuewe said.

“We are on the heels of public policy developments that we expect to play out in our favor—reinforcing our unmatched position in the industry and our focus on delivering long-term value to shareholders,” he noted.

Darling Ingredients Inc. (NYSE:DAR) is a global ingredients company that repurposes and transforms animal by-products and food waste from the animal agriculture and food industries into a wide range of products, including animal feeds, crops, fertilizer, and renewable diesel, among others.

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Disclosure: None. This article is originally published at Insider Monkey.