Reeds: 4Q Earnings Snapshot

March 12, 2020 GMT

NORWALK, Conn. (AP) _ Reeds Inc. (REED) on Thursday reported a loss of $3.8 million in its fourth quarter.

On a per-share basis, the Norwalk, Connecticut-based company said it had a loss of 9 cents.

The beverage and candy company posted revenue of $7.2 million in the period.

For the year, the company reported that its loss widened to $16.1 million, or 46 cents per share. Revenue was reported as $33.8 million.

In the final minutes of trading on Thursday, the company’s shares hit 60 cents. A year ago, they were trading at $2.52.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REED at https://www.zacks.com/ap/REED