Reed's Q3 EPS $(0.03) Beats $(0.40) Estimate, Sales $11.86M Miss $15.38M Estimate

Reed's (NASDAQ:REED) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.40) by 92.5 percent. This is a 98 percent increase over losses of $(1.50) per share from the same period last year. The company reported quarterly sales of $11.86 million which missed the analyst consensus estimate of $15.38 million by 22.91 percent. This is a 1.97 percent decrease over sales of $12.09 million the same period last year.