Recap: Charlottes Web Holdings Q1 Earnings

Charlottes Web Holdings CWBHF reported its Q1 earnings results on Friday, May 12, 2023 at 07:05 AM.

Here's what investors need to know about the announcement.

Charlottes Web Holdings beat estimated earnings by 60.0%, reporting an EPS of $-0.02 versus an estimate of $-0.05.

Revenue was down $2.35 million from the same period last year.

Last quarter the company missed on EPS by $0.19 which was followed by a 5.3% drop in the share price the next day.

Here's a look at Charlottes Web Holdings's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.04	-0.02	-0.04	-0.05
EPS Actual	-0.23	-0.05	-0.05	-0.06
Revenue Estimate	17.40M	20.10M	27.13M	27.64M
Revenue Actual	18.90M	17.04M	18.88M	19.36M

To track all earnings releases for Charlottes Web Holdings visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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