Investing.com - Dutch Bros reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Dutch Bros announced earnings per share of $0.09 on revenue of $198.6M. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $195.29M.
Dutch Bros shares are down 19% from the beginning of the year , still down 59.79% from its 52 week high of $72.59 set on Thursday, November 11, 2021.
Dutch Bros shares gained 1.40% in after-hours trade the report.
Dutch Bros follows other major Consumer Discretionary sector earnings this month
Dutch Bros's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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