Reed's Q3 EPS $(0.03) Beats $(0.40) Estimate, Sales $11.86M Miss $15.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reed's reported Q3 losses of $(0.03) per share, beating the analyst consensus estimate of $(0.40) by 92.5%. However, the company's quarterly sales of $11.86 million missed the analyst consensus estimate of $15.38 million by 22.91%. This represents a 1.97% decrease over sales from the same period last year.
November 09, 2023 | 10:40 pm
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NEUTRAL IMPACT
Reed's Q3 earnings per share beat estimates, but sales missed expectations. This mixed result could lead to uncertainty in the market.
Reed's beat EPS estimates, which is positive for the stock. However, the company missed on sales, which is negative. These mixed results could lead to uncertainty and volatility in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100