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What's Going On With Edible Garden Stock After Earnings?
Edible Garden AG Inc. (NASDAQ:EDBL) shares are trading higher Wednesday after the company reported Q2 earnings. Here's a look at the details from the report.
The Details:
Edible Garden reported quarterly losses of $1.21 per share. Quarterly sales came in at $4.268 million, just under the $4.432 million analyst estimate.
The company said its increased revenue was primarily attributable to growth in its core products and a shift away from less profitable business segments.
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“We are pleased to announce another exceptionally strong quarter, as illustrated by a 157% increase in gross profit, fueled by impressive year-over-year growth of 61% in ...