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Reed's: Q1 Earnings Insights

Author: Benzinga Insights | June 01, 2023 07:45am

Reed's (OTC:REED) reported its Q1 earnings results on Thursday, June 1, 2023 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

Reed's missed estimated earnings by 66.67%, reporting an EPS of $-1.7 versus an estimate of $-1.02.

Revenue was down $1.02 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $1.21 which was followed by a 4.11% drop in the share price the next day.

Here's a look at Reed's's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -1.28 -1.5 -1 -2
EPS Actual -2.49 -1.5 -2.5 -2.5
Revenue Estimate 15.10M 16.91M 14.37M 13.10M
Revenue Actual 15.04M 12.09M 13.72M 12.18M

To track all earnings releases for Reed's visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: REED

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