Kaival Brands Innovations Q2 EPS $(0.07) Misses $(0.01) Estimate, Sales $3.00M Miss $10.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kaival Brands Innovations (NASDAQ:KAVL) reported Q2 losses of $(0.07) per share, missing the $(0.01) estimate by 600%. Sales were $3.00M, missing the $10.10M estimate by 70.30%. This is a 56.25% increase in losses and a 1.96% decrease in sales compared to the same period last year.
June 14, 2023 | 8:51 pm
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Kaival Brands Innovations reported a 600% miss on Q2 EPS and a 70.30% miss on sales estimates. Losses increased by 56.25% and sales decreased by 1.96% compared to last year.
Kaival Brands Innovations reported significant misses on both EPS and sales estimates, with losses increasing by 56.25% compared to last year. This negative performance is likely to have a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100