Edible Garden AG Q2 EPS $(0.24) Beats $(0.90) Estimate, Sales $4.22M Beat $3.66M Estimate
Portfolio Pulse from saritha@benzinga.com
Edible Garden AG (NASDAQ:EDBL) reported Q2 losses of $(0.24) per share, beating the analyst consensus estimate of $(0.90) by 73.33%. This is a 98.82% increase over losses from the same period last year. The company also reported quarterly sales of $4.22 million, beating the analyst consensus estimate of $3.66 million by 15.33%. This is a 41.41% increase over sales from the same period last year.
August 10, 2023 | 11:05 am
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Edible Garden AG reported better than expected Q2 results with a significant increase in sales and reduced losses YoY.
Edible Garden AG reported better than expected Q2 results, beating both EPS and sales estimates. This indicates a strong financial performance, which is likely to positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100