Andersons (ANDE) stock plummeted 9.67% in after-hours trading on Monday following the release of its second-quarter earnings report, which fell short of analyst expectations. The agricultural company reported adjusted earnings per share of $0.24, significantly below the consensus estimate of $0.53.

The disappointing results represent a substantial decrease from the same period last year when Andersons posted earnings of $1.15 per share. Despite the earnings miss, the company's quarterly sales showed some strength, reaching $3.136 billion and surpassing analyst projections of $2.864 billion. This figure marks a 12.20% increase compared to the $2.795 billion in sales reported for the same quarter last year.

While the company faces challenges in its financial performance, there may be a silver lining on the horizon. Andersons noted an uptick in ethanol board crush that occurred in July, which is expected to continue through the summer driving season. This development could potentially provide some support for the company's operations in the coming months. However, investors appear to be focusing on the immediate earnings disappointment, as reflected in the sharp after-hours stock decline.