Eastside Distilling Q1 2024 GAAP EPS $(0.78) Misses $(0.22) Estimate, Sales $2.487M Down From $2.879M YoY
Portfolio Pulse from Benzinga Newsdesk
Eastside Distilling (NASDAQ:EAST) reported a Q1 2024 GAAP EPS loss of $(0.78), significantly missing the $(0.22) estimate, with sales of $2.487M, down 13.62% YoY from $2.879M.
May 13, 2024 | 8:42 pm
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Eastside Distilling reported a significant miss in Q1 2024 earnings with a $(0.78) loss per share against a $(0.22) estimate and a 13.62% YoY decrease in sales.
The significant miss in both earnings per share and sales compared to analyst expectations and year-over-year performance is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss in earnings per share (EPS) is particularly concerning, indicating operational challenges or market conditions significantly worse than anticipated.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100