22nd Century Group Q4 GAAP EPS $(0.66) Misses $(0.56) Estimate, Sales $7.36M May Not Be Comparable To $17.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
22nd Century Group reported a Q4 GAAP EPS of $(0.66), missing the $(0.56) estimate. Sales were $7.36M, which may not be directly comparable to the $17.10M estimate.
March 28, 2024 | 10:35 am
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NEGATIVE IMPACT
22nd Century Group's Q4 earnings missed EPS estimates and reported lower sales, which may not be directly comparable to estimates.
Missing the EPS estimate and reporting lower sales figures are typically seen as negative indicators for a company's financial health and operational efficiency. This can lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100