Renewable Energy estimates adj core loss as biodiesel prices fall

Oct 8 (Reuters) - Renewable Energy Group said itwould post an adjusted core loss for the third quarter asbiodiesel prices fell by more than a third, sending its sharesdown 19 percent premarket.

The company expects to report an adjusted loss of $2 millionto $7 million before interest, taxes, depreciation andamortization. It had earlier forecast adjusted EBITDA of $10million to $15 million.

The company estimates to have sold 60 to 63 million gallonsof biodiesel in the third quarter. It had forecast sales volumesof 55 to 60 million gallons.

Renewable Energy shares closed at $7.12 on the Nasdaq onFriday.

(Reporting By Vishal Krishnan Menon in Bangalore; Editing byDon Sebastian)

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