Shares of food company Whole Earth Brands, Inc. (FREE) are falling more than 13% in the morning trade on Monday after the company’s fourth-results missed analysts’ view.
The company’s net loss narrowed to $393000 or $0.01 per share in the fourth quarter, compared with net loss of $5.1 million or $0.13 per share in the same quarter quarter a year ago. However, it missed the average estimate of analysts polled by Thomson-Reuters for a loss of 20 cents a share.
Revenue for the quarter increased to $132.71 million from $75.69 million in the same quarter a year ago, however, missed the consensus estimate of $138.56 million.
For the full year, Whole Earth Brands expects product revenue to be in the range of $530 million to $545 million. The consensus estimate stands at $45.12 million.
Whole Earth Brands stock touched a new low of $7.07 this morning.
Source: Read Full Article
Could Growing Global Distrust be a Boon For Bitcoin (BTC)?
Bitcoin: Veteran Trader Peter Brandt Says Lowest Price He Can Envision Is $21,000
Bitmain Claims to Have Only 4% of Bitcoin’s Hashrate
Facing the Bear Market: Interview with Blocktrade Capital Founder Ben Marks
South Korea Set to Impose Crypto Tax on Trading Profits | BTCMANAGER