Investing.com - Kaival Brands Innovations Group reported on Monday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Kaival Brands Innovations Group announced earnings per share of $-0.09 on revenue of $3.85M. Analysts polled by Investing.com anticipated EPS of $-0.09 on revenue of $4.75M.
Kaival Brands Innovations Group shares are up 58% from the beginning of the year, still down 78.55% from its 52 week high of $5.50 set on September 13, 2021.
Kaival Brands Innovations Group shares lost 3.28% in intra-day trade following the report.
Kaival Brands Innovations Group follows other major Consumer Discretionary sector earnings this month
Kaival Brands Innovations Group's report follows an earnings beat by Home Depot on August 16, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on August 17 with second quarter EPS of $4.67 on revenue of $27.48B, compared to forecast for EPS of $4.58 on revenue of $28.12B.
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