Eastside Distilling shares are trading lower after the company reported worse-than-expected Q1 GAAP EPS results and a year-over-year derease in Q1 sales results.
Portfolio Pulse from Benzinga Newsdesk
Eastside Distilling's shares traded lower following the announcement of disappointing Q1 GAAP EPS results and a decline in Q1 sales year-over-year.
May 14, 2024 | 5:09 pm
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NEGATIVE IMPACT
Eastside Distilling reported worse-than-expected Q1 GAAP EPS results and a year-over-year decrease in Q1 sales, leading to a decline in share price.
The negative earnings report and sales decline directly impact investor sentiment and the stock's attractiveness, likely leading to a short-term decrease in EAST's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100