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Darling Ingredients (DAR) Stock Drops on Q1 Earnings Miss

NEW YORK (TheStreet) -- Darling Ingredients (DAR - Get Report) stock is falling 3.52% to $13.99 in early morning trading on Friday after the company posted disappointing financial results for the fiscal 2016 first quarter.

After yesterday's closing bell, the Irving, TX-based developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients ingredients, reported earnings of 1 cent per share for the quarter ended April 2, significantly below estimates of 11 cents per share.

Quarterly revenue of $779.64 million fell short of projections for $809.79 million. Revenue dropped 10.9% year over year because of lower protein prices and unfavorable foreign...