Maker of Zig-Zag rolling paper beats revenue and adjusted earnings targets

Turning Point Brands Inc. TPB stock rose 5% in premarket trades after the maker of Zig-Zag rolling papers beat its revenue and earnings targets. Turning Point Brands said it lost $16.3 million, or 93 cents a share, after posting a profit of $11.45 million, or 57 cents a share, in the year-ago quarter. Its adjusted fourth-quarter profit of 69 cents a share beat the estimate of 48 cents a share, according to estimates compiled by FactSet. Fourth-quarter revenue fell to $103.4 million from $105.

... Turning Point Brands Inc. TPB stock rose 5% in premarket trades after the maker of Zig-Zag rolling papers beat its revenue and earnings targets. Turning Point Brands said it lost $16.3 million, or 93 cents a share, after posting a profit of $11.45 million, or 57 cents a share, in the year-ago quarter. Its adjusted fourth-quarter profit of 69 cents a share beat the estimate of 48 cents a share, according to estimates compiled by FactSet. Fourth-quarter revenue fell to $103.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Starbucks adds olive oil in coffee, CEO calls it a 'market maker'Starbucks released a new line of olive oil-infused coffee drinks across the company's 25 Italy locations. The company plans for the U.S. to get a taste of the new drinks this spring. 🤢 Thanks, but I’ll pass.
Source: NBCNews - 🏆 10. / 86 Read more »