NewAge: Q2 Earnings Insights

Shares of NewAge NBEV fell 0.9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 23.08% year over year to ($0.10), which missed the estimate of ($0.09).

Revenue of $62,637,000 decreased by 5.59% year over year, which missed the estimate of $65,930,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 10, 2020

Time: 08:00 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=140758

Recent Stock Performance

Company's 52-week high was at $3.85

Company's 52-week low was at $0.98

Price action over last quarter: Up 78.49%

Company Description

NewAge Inc is a beverage company. It is engaged in the development, marketing, sales, and distribution of a portfolio of Ready-to-Drink (RTD). Some of its brands are Nestea, Volvic, Bucha, Xing, TeMana, and others.