Eastside Distilling Q2 EPS $(0.87) Misses $(0.82) Estimate, Sales $3.06M Beat $2.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eastside Distilling (NASDAQ:EAST) reported Q2 EPS of $(0.87), missing the $(0.82) estimate, but sales of $3.06M beat the $2.58M estimate. EPS improved by 55.61% YoY, and sales increased by 11.03% YoY.
August 14, 2024 | 8:44 pm
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Eastside Distilling reported a Q2 EPS of $(0.87), missing the $(0.82) estimate, but sales of $3.06M beat the $2.58M estimate. EPS improved by 55.61% YoY, and sales increased by 11.03% YoY.
The mixed results, with EPS missing estimates but sales beating them, create a neutral short-term outlook. The significant YoY improvement in EPS and sales growth are positive, but the EPS miss tempers enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100