Investing.com - 22nd Century (NASDAQ:XXII) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
22nd Century announced earnings per share of $-0.060 on revenue of $19.38M. Analysts polled by Investing.com anticipated EPS of $-0.050 on revenue of $19.95M.
22nd Century shares are down 35% from the beginning of the year, still down 67.33% from its 52 week high of $3.52 set on December 23, 2021.
22nd Century shares lost 16.67% in intra-day trade following the report.
22nd Century follows other major Consumer Staples sector earnings this month
22nd Century's report follows an earnings beat by Procter&Gamble on October 19, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on October 25 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar