Investing.com - Reed’s reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Reed’s announced earnings per share of $-0.0300 on revenue of $12.09M. Analysts polled by Investing.com anticipated EPS of $-0.0200 on revenue of $16.91M.
Reed’s shares are down 53.92% from the beginning of the year, still down 78.83% from its 52 week high of $0.58 set on November 11, 2021.
Reed’s follows other major Consumer Staples sector earnings this month
Reed’s'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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