Reed's Q2 EPS $(0.77) Misses $(0.15) Estimate, Sales $11.87M Beat $11.47M Estimate
Portfolio Pulse from totan@benzinga.com
Reed's (NASDAQ:REED) reported Q2 earnings per share (EPS) of $(0.77), missing the analyst estimate of $(0.15) by a significant margin. However, the company reported sales of $11.87 million, beating the estimate of $11.47 million. Compared to the same period last year, losses improved by 22.22% and sales increased by 18.68%.
August 13, 2024 | 8:11 pm
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NEGATIVE IMPACT
Reed's reported a significant miss on Q2 EPS, but sales exceeded expectations. The EPS miss may negatively impact short-term stock price, while the sales beat and improved YoY performance could provide some support.
The significant EPS miss is likely to weigh heavily on investor sentiment, potentially leading to a short-term decline in stock price. However, the sales beat and improved year-over-year performance may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100