Recap: Charlottes Web Holdings Q3 Earnings
Portfolio Pulse from Benzinga Insights
Charlottes Web Holdings (OTC:CWBHF) reported Q3 earnings, missing estimated earnings by 100.0% with an EPS of $-0.1 versus an estimate of $-0.05. Revenue was down $2.74 million from the same period last year. Last quarter, the company also missed on EPS by $0.01, which was followed by a 0.11% increase in the share price the next day.
November 09, 2023 | 12:45 pm
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Charlottes Web Holdings reported lower than expected Q3 earnings and a decrease in revenue. Despite missing EPS estimates last quarter, the share price increased the following day.
Charlottes Web Holdings reported a significant miss on earnings estimates and a decrease in revenue, which are typically negative indicators for a company's financial health and can lead to a decrease in stock price. However, it's worth noting that despite a similar miss last quarter, the company's share price increased the following day.
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IMPORTANCE 80
RELEVANCE 100