Reed's: Q1 Earnings Insights

Reed's 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.

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.

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.

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