Eastside Distilling Q4 EPS $(1.16) Misses $(0.90) Estimate, Sales $2.08M Miss $3.68M Estimate
Portfolio Pulse from dijoy@benzinga.com
Eastside Distilling (NASDAQ:EAST) reported Q4 earnings with a loss of $(1.16) per share, missing the $(0.90) estimate, and sales of $2.08M, missing the $3.68M estimate. This represents a 61.33% improvement in losses and an 11.82% decrease in sales year-over-year.
April 01, 2024 | 8:59 pm
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Eastside Distilling reported a significant miss in both EPS and sales for Q4, with a loss of $(1.16) per share and sales of $2.08M.
Missing both EPS and sales estimates significantly, especially by 28.89% for EPS and 43.45% for sales, indicates underperformance and could lead to negative investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100