Reed's Q1 EPS $(1.70) Misses $(1.02) Estimate, Sales $11.16M Miss $14.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reed's Q1 earnings per share (EPS) of $(1.70) missed the $(1.02) estimate, and sales of $11.16M missed the $14.12M estimate. This represents a 32% increase in losses and an 8.41% decrease in sales compared to the same period last year.
June 01, 2023 | 11:49 am
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Reed's Q1 earnings and sales missed estimates, with a 32% increase in losses and an 8.41% decrease in sales compared to last year.
Reed's Q1 earnings and sales both missed analyst estimates, indicating a weaker financial performance compared to expectations. The increase in losses and decrease in sales compared to the same period last year suggest a negative short-term impact on the stock price.
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