Benzinga | Nov 9, 2020 04:37PM EST

Reed's Q3 EPS $(0.04) Misses $(0.02) Estimate, Sales $10.56M Beat $10.36M Estimate; Raises FY20 Net Sales Guidance

Reed's (NASDAQ:REED) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $(0.02) by 100 percent. This is a 71.43 percent increase over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $10.56 million which beat the analyst consensus estimate of $10.36 million by 1.95 percent. This is a 20.85 percent increase over sales of $8.74 million the same period last year.