Investing.com - Greenlane reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Greenlane announced earnings per share of $-11.430 on revenue of $28.68M. Analysts polled by Investing.com anticipated EPS of $-1.150 on revenue of $39.18M.
Greenlane shares are down 60% from the beginning of the year , still down 98.81% from its 52 week high of $42.80 set on Monday, November 15, 2021.
Greenlane shares lost 9.02% in after-hours trade the report.
Greenlane follows other major Consumer Discretionary sector earnings this month
Greenlane'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 on revenue of $21.98B.
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