22nd Century Group Q2 EPS $(1.40) Misses $(1.06) Estimate, Sales $23.43M Miss $24.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
22nd Century Group (AMEX:XXII) reported Q2 losses of $(1.40) per share, missing the analyst consensus estimate of $(1.06) by 32.08 percent. The company also reported quarterly sales of $23.43 million, missing the analyst consensus estimate of $24.01 million by 2.43 percent. However, this represents a 61.82 percent increase over sales of $14.48 million the same period last year.
August 14, 2023 | 10:02 am
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NEGATIVE IMPACT
22nd Century Group's Q2 earnings missed estimates, with losses of $(1.40) per share and sales of $23.43 million. However, sales increased by 61.82% compared to the same period last year.
22nd Century Group's Q2 earnings missed analyst estimates, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price. However, the significant YoY increase in sales could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100