Recap: Charlottes Web Holdings Q4 Earnings
Portfolio Pulse from Benzinga Insights
Charlottes Web Holdings (OTC:CWBHF) reported Q4 earnings, beating estimates with an EPS of $-0.06 against an expected $-0.07. However, revenue decreased by $3M from the previous year. The company had previously missed EPS estimates last quarter, leading to a 3% share price drop. Historical performance shows fluctuating EPS and revenue figures over the past year.
March 21, 2024 | 11:10 am
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Charlottes Web Holdings reported better-than-expected Q4 earnings but saw a decrease in revenue compared to last year.
While beating EPS estimates typically has a positive impact on stock prices, the decrease in revenue compared to the previous year could temper investor enthusiasm. The company's history of fluctuating performance adds uncertainty, making the short-term impact neutral.
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