Investing.com - Farmer Bros. Co reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Farmer Bros. Co announced earnings per share of $-0.21 on revenue of $122.99M. Analysts polled by Investing.com anticipated EPS of $-0.33 on revenue of $110.9M.
Farmer Bros. Co shares are down 19.95% from the beginning of the year, still down 41.92% from its 52 week high of $9.28 set on September 27, 2021. They are outperforming the Nasdaq which is down 24.67% from the start of the year.
Farmer Bros. Co follows other major Consumer Staples sector earnings this month
Farmer Bros. Co's report follows an earnings beat by Walmart on August 16, who reported EPS of $1.77 on revenue of $152.86B, compared to forecasts EPS of $1.62 on revenue of $150.99B.
Estee Lauder had beat expectations on August 18 with fourth quarter EPS of $0.42 on revenue of $3.56B, compared to forecast for EPS of $0.3219 on revenue of $3.42B.
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