MGP Ingredients (NASDAQ:MGPI) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.60 by 40.96 percent. This is a 34.11 percent decrease over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $130.912 million which beat the analyst consensus estimate of $128.003 million by 2.27 percent. This is a 18.92 percent decrease over sales of $161.461 million the same period last year.