Reed’s (NASDAQ:REED) reported quarterly losses of $(0.03) per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported quarterly sales of $11.30 million which missed the analyst consensus estimate of $12.20 million by 7.38 percent. This is a 4.12 percent increase over sales of $10.85 million the same period last year.
S&P 500 Snaps 3-Week Losing Streak As Investors Digest Powell’s Latest Inflation Comments
The SPDR S&P 500 ETF Trust (NYSE: SPY) broke a three-week losing streak this week as the latest commentary from Federal Reserve Chair Jerome Powell suggests the Fed will continue to aggressively combat inflation.
