Edible Garden AG Q2 2024 GAAP EPS $(1.21) Up From $(4.83) YoY, Sales $4.268M Miss $4.432M Estimate
Portfolio Pulse from Benzinga Newsdesk
Edible Garden AG (NASDAQ:EDBL) reported Q2 2024 GAAP EPS of $(1.21), a significant improvement from $(4.83) YoY. However, sales of $4.268M missed the $4.432M estimate, though they increased slightly from $4.221M YoY.
August 14, 2024 | 11:13 am
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NEUTRAL IMPACT
Edible Garden AG reported a significant improvement in EPS for Q2 2024, but sales missed analyst estimates. This mixed result may lead to short-term volatility in the stock price.
The significant improvement in EPS is a positive sign, but missing sales estimates by 3.70% could concern investors. The mixed results are likely to cause short-term volatility in EDBL's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100