Ziff Davis (NASDAQ:ZD) reported quarterly sales of $396.70 million which missed the analyst consensus estimate of $400.42 million by 0.93 percent. This is a 2.92 percent decrease over sales of $408.63 million the same period last year.
Why Edible Garden Stock Is Racing Higher
Edible Garden reported a preliminary first-quarter year-over-year increase in produce revenues of 40% and an increase in cut herb revenue of more than 200% compared to the same period last year. The company attributed the growth to its investments in equipment and infrastructure, as well as expanded retail distribution leading to a 12-fold increase in herb production.
