The Andersons (ANDE)

<b>The Andersons </B>(<a href=http://www.zacks.com/stock/quote/ande>ANDE</a>) reported third-quarter earnings of 7 cents per share, well below the Zacks Consensus Estimate of 39 cents and the prior-year EPS of 70 cents per share. Apart from the Grain & Ethanol Group, all other segments at ANDE posted an operating loss for the quarter. <P ALIGN=&quot;left&quot;> Revenue declined 33.6% to $601.0 million from $905.7 million in the year-ago period for The Andersons, primarily due to lower grain and plant nutrient prices. The current economic slowdown is having an adverse impact on all of the company&#39;s businesses. <P ALIGN=&quot;left&quot;> We do not expect a significant turnaround in any of these businesses in the near term. We are downgrading our recommendation on The Andersons to Underperform.

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