Medicine Man Technologies Q2 EPS $(0.15) Misses $(0.06) Estimate, Sales $42.38M Miss $45.00M Estimate
Portfolio Pulse from saritha@benzinga.com
Medicine Man Technologies (OTC:SHWZ) reported Q2 losses of $(0.15) per share, missing the analyst consensus estimate of $(0.06) by 150%. This is a 162.5% decrease over earnings of $0.24 per share from the same period last year. The company also reported quarterly sales of $42.38 million, missing the analyst consensus estimate of $45.00 million by 5.83%. This is a 4.27% decrease over sales of $44.26 million the same period last year.
August 09, 2023 | 8:39 pm
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NEGATIVE IMPACT
Medicine Man Technologies' Q2 earnings and sales missed estimates, with a significant decrease YoY. This could negatively impact the stock price in the short term.
The company reported a significant decrease in earnings and sales YoY, and missed analyst estimates. This is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100