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.
