Arcadia Biosciences (NASDAQ:RKDA) reported its Q3 earnings results on Thursday, November 9, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Arcadia Biosciences beat estimated earnings by 40.75%, reporting an EPS of $-1.89 versus an estimate of $-3.19.
Revenue was down $281 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $2.16 which was followed by a 2.71% drop in the share price the next day.
Here’s a look at Arcadia Biosciences’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -4.80 | -6.85 | -6.80 | -8.4 |
| EPS Actual | -2.64 | -10.86 | -6.31 | -4.8 |
| Revenue Estimate | 1.82M | 1.40M | 2.00M | 2.67M |
| Revenue Actual | 1.39M | 1.51M | 1.00M | 1.88M |
To track all earnings releases for Arcadia Biosciences visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
