22nd Century Group Q1 2024 GAAP EPS $(1.72) May Not Be Comparable To $(5.28) Estimate, Sales $6.469M Miss $7.857M Estimate
Portfolio Pulse from Benzinga Newsdesk
22nd Century Group reported Q1 2024 GAAP EPS of $(1.72), which is not comparable to the $(5.28) estimate. The company's sales were $6.469 million, missing the $7.857 million estimate.
May 15, 2024 | 10:05 am
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22nd Century Group reported Q1 2024 GAAP EPS of $(1.72), which is not comparable to the $(5.28) estimate. The company's sales were $6.469 million, missing the $7.857 million estimate.
The significant miss in both EPS and sales estimates is likely to negatively impact the stock price of 22nd Century Group in the short term. Investors typically react unfavorably to such earnings reports.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100