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Reed's Q2 EPS $(0.99) Beats $(1.32) Estimate, Sales $10.01M Miss $12.72M Estimate

Author: Benzinga Newsdesk | August 10, 2023 04:31pm
Reed's (NASDAQ:REED) reported quarterly losses of $(0.99) per share which beat the analyst consensus estimate of $(1.32) by 25 percent. This is a 60.4 percent increase over losses of $(2.50) per share from the same period last year. The company reported quarterly sales of $10.01 million which missed the analyst consensus estimate of $12.72 million by 21.34 percent. This is a 27.10 percent decrease over sales of $13.72 million the same period last year.

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