Reed's Q2 EPS $(0.36) Beats $(0.41) Estimate, Sales $7.488M Miss $7.618M Estimate
Reed's (NASDAQ:REED) reported quarterly losses of $(0.36) per share which beat the analyst consensus estimate of $(0.41) by 12.2 percent. The company reported quarterly sales of $7.488 million which missed the
Reed's lost less money per share than expected, which is good, but their sales came in a bit lower than hoped. When a company loses money but does better than feared, that's a small bright spot to notice, but the lower sales suggest business is still struggling.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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