Farmer Bros. Co reported a significant earnings miss for its second quarter, with an EPS of $-0.220 against an analyst estimate of $-0.060. The company also fell short on revenue expectations, reporting $88.9M compared to a consensus estimate of $90.45M. Following these results, the company’s stock, trading under NASDAQ: FARM, closed at $1.54, reflecting its recent performance which includes a 1.320% increase in the last three months but a -21.830% decrease over the last 12 months.
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Farmer Bros. Co earnings missed by $0.16, revenue fell short of estimates
Farmer Bros. Co reported a significant earnings miss for its second quarter, with an EPS of $-0.220 against an analyst estimate of $-0.060. The company also fell short on revenue expectations, reporting $88.9M compared to a consensus estimate of $90.45M. Following these results, the company’s stock, trading under NASDAQ: FARM, closed at $1.54, reflecting its recent performance which includes a 1.320% increase in the last three months but a -21.830% decrease over the last 12 months.