22nd Century Group Q3 EPS $(3.68) May Not Be Comparable To $(0.91) Estimate, Sales $17.80M Miss $20.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
22nd Century Group (NASDAQ:XXII) reported Q3 losses of $(3.68) per share, missing the analyst consensus estimate of $(0.91) by 304.4%. This is a 291.49% decrease from the same period last year. The company also reported quarterly sales of $17.80 million, missing the analyst consensus estimate of $20.05 million by 11.22%. This is a 8.17% decrease from the same period last year.
November 06, 2023 | 12:34 pm
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22nd Century Group reported significant Q3 losses and sales miss, which could negatively impact its stock price in the short term.
22nd Century Group reported a significant miss on both earnings per share and sales for Q3. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100