Reeds (REED) Reports Q3 Loss, Lags Revenue Estimates
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Reeds (REED) reported a larger-than-expected loss for Q3, with a loss of $1.09 per share compared to the Zacks Consensus Estimate of a $0.20 loss. This is a significant increase from the $0.34 loss per share reported a year ago.
November 14, 2024 | 2:30 pm
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Reeds reported a Q3 loss of $1.09 per share, significantly missing the Zacks Consensus Estimate of a $0.20 loss. This marks a substantial increase in losses from the previous year.
The significant miss on earnings expectations and the increase in losses compared to the previous year are likely to negatively impact investor sentiment and the stock price in the short term.
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