Recap: Turning Point Brands Q3 Earnings

Shares of Turning Point Brands TPB fell 4.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 33.93% year over year to $0.75, which beat the estimate of $0.58.

Revenue of $104,174,000 up by 7.62% year over year, which beat the estimate of $91,860,000.

Outlook

The upcoming fiscal year's revenue expected to be between $395,000,000 and $401,000,000.

Details Of The Call

Date: Oct 27, 2020

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/tpb/mediaframe/41277/indexr.html

Recent Stock Performance

52-week high: $34.56

Company's 52-week low was at $14.09

Price action over last quarter: down 6.58%

Company Profile

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.