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Reed's Q1 EPS $(1.70) Misses $(1.02) Estimate, Sales $11.16M Miss $14.12M Estimate

Author: Benzinga Newsdesk | June 01, 2023 07:49am
Reed's (NASDAQ:REED) reported quarterly losses of $(1.70) per share which missed the analyst consensus estimate of $(1.02) by 66.67 percent. This is a 32 percent increase over losses of $(2.50) per share from the same period last year. The company reported quarterly sales of $11.16 million which missed the analyst consensus estimate of $14.12 million by 20.98 percent. This is a 8.41 percent decrease over sales of $12.18 million the same period last year.

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