Reed's Q2 EPS $(0.99) Beats $(1.32) Estimate, Sales $10.01M Miss $12.72M Estimate
Portfolio Pulse from mahesh@benzinga.com
Reed's Inc. reported Q2 earnings per share (EPS) of $(0.99), beating the analyst consensus estimate of $(1.32) by 25%. However, the company's quarterly sales of $10.01 million missed the analyst consensus estimate of $12.72 million by 21.34%. Compared to the same period last year, the EPS increased by 60.4% while sales decreased by 27.10%.
August 10, 2023 | 8:31 pm
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Reed's Q2 earnings beat estimates but sales missed, indicating mixed performance. The EPS increased significantly YoY, but sales decreased.
Reed's Q2 earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The YoY increase in EPS indicates improved profitability, but the decrease in sales suggests lower demand or operational efficiency. These mixed results may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100