Investing.com - Edible Garden reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Edible Garden announced earnings per share of $-0.24 on revenue of $2.8M. Analysts polled by Investing.com anticipated EPS of $-0.26 on revenue of $2.6M.
Edible Garden shares are down 4.96% from the beginning of the year and are trading at $0.43 , down-from-52-week-high.
Edible Garden shares gained 6.72% in intra-day trade the report.
Edible Garden follows other major Consumer Staples sector earnings this month
Edible Garden's report follows an earnings beat by Procter&Gamble on October 19, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on October 25 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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