Reeds: 1Q Earnings Snapshot
NORWALK, Conn. (AP) _ Reeds Inc. (REED) on Monday reported a loss of $2.6 million in its first quarter.
On a per-share basis, the Norwalk, Connecticut-based company said it had a loss of 5 cents.
The beverage and candy company posted revenue of $9.5 million in the period.
In the final minutes of trading on Monday, the company’s shares hit 72 cents. A year ago, they were trading at $3.70.