Turning Point Brands: Q2 Earnings Insights
Shares of Turning Point Brands (NYSE:TPB) rose 5% after the company reported Q2 results.
Quarterly Results
Earnings per share rose 33.96% year over year to $0.71, which beat the estimate of $0.45.
Revenue of $104,963,000 rose by 12.45% year over year, which beat the estimate of $95,440,000.
Outlook
The upcoming fiscal year's revenue expected to be between $370,000,000 and $382,000,000.
Details Of The Call
Date: Jul 28, 2020
Time: 10:00 AM
ET Webcast URL: https://services.choruscall.com/links/tpb200728Na6zzzOg.html
Price Action
52-week high: $43.56
52-week low: $14.09
Price action over last quarter: Up 37.58%
Company Description
Turning Point Brands Inc operates as an independent provider of Other Tobacco Products (OTP) in the U.S. It offers a wide range of products across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments Smokeless products; Smoking products and NewGen products. Its portfolio of brands in the OTP industry includes Stoker's in the Smokeless segment, Zig-Zag in the Smoking segment, and VaporBeast and VaporFi in the NewGen segment.
