Investing.com - Greenlane reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Greenlane announced earnings per share of $-11.430 on revenue of $28.68M. Analysts polled by Investing.com anticipated EPS of $-1.150 on revenue of $39.18M.
Greenlane shares are down 60% from the beginning of the year, still down 98.81% from its 52 week high of $42.80 set on November 15, 2021.
Greenlane shares lost 9.02% in after-hours trade following the report.
Greenlane follows other major Consumer Discretionary sector earnings this month
Greenlane's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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