Edible Garden AG Q4 EPS $(0.54) Up From $(9.13) YoY, Sales $4.10M Miss $4.25M Estimate
Portfolio Pulse from totan@benzinga.com
Edible Garden AG (NASDAQ:EDBL) reported a significant reduction in quarterly losses to $(0.54) per share from $(9.13) YoY, with sales of $4.10M missing the $4.25M estimate but showing a 32.26% increase from the previous year.
April 01, 2024 | 11:05 am
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Edible Garden AG reported a significant improvement in quarterly losses and a notable increase in sales year-over-year, although it missed the sales estimate.
The significant reduction in losses and the year-over-year increase in sales indicate a positive trend for Edible Garden AG, which could be viewed favorably by investors. However, missing the sales estimate might temper some of the optimism.
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