Turning Point Brands Announces Second Quarter 2020 Results, Increases 2020 Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/8/2026
- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
Turning Point Brands, Inc. (TPB) Tops Q2 EPS by 26c, Revenues Beat; Raises FY20 Revenue Outlook Above Consensus, 3Q Revenue Mid-Point Guidance Below Consensus
July 28, 2020 7:34 AM EDTTurning Point Brands, Inc. (NYSE: TPB) reported Q2 EPS of $0.71, $0.26 better than the analyst estimate of $0.45. Revenue for the quarter came in at $105 million versus the consensus estimate of $95.44 million.
Second Quarter 2020
(Comparisons vs. same period year-ago)
Net sales increased 12.5% to $105.0 million;Gross profit increased 16.8% to $48.1 million;Net income decreased $4.0 million to $9.2 million, reflecting the inclusion of expensing PMTA costs incurred during the current quarter compared to the net gain related to a settlement from the V2 wind-down in the previous years quarter;Adjusted EBITDA... More