Investing.com - Arcadia Biosciences (NASDAQ:RKDA) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Arcadia Biosciences announced earnings per share of $-0.120 on revenue of $1.88M. Analysts polled by Investing.com anticipated EPS of $-0.230 on revenue of $2M.
Arcadia Biosciences shares are down 28.35% from the beginning of the year, still down 87.71% from its 52 week high of $2.66 set on March 24.
Arcadia Biosciences shares lost 5.20% in after-hours trade following the report.
Arcadia Biosciences follows other major Consumer Staples sector earnings this month
Arcadia Biosciences'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.
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