Recap: Green Thumb Industries Q3 Earnings
Portfolio Pulse from Benzinga Insights
Green Thumb Industries (OTC:GTBIF) reported its Q3 earnings, beating estimated earnings by 25.0% with an EPS of $0.05 versus an estimate of $0.04. Revenue was up $14.20 million from the same period last year. Last quarter, the company missed on EPS which was followed by a 3.57% drop in the share price the next day.
November 08, 2023 | 9:10 pm
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Green Thumb Industries beat Q3 earnings estimates by 25.0%, which could positively impact the stock price. However, investors may remain cautious due to the previous quarter's missed EPS and subsequent share price drop.
Positive earnings reports often lead to an increase in stock price as they indicate a company's good financial health. However, the previous quarter's missed EPS and subsequent share price drop may make investors cautious.
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