S&W Seed Company (SANW) said before open Monday that it lost $0.13 per share in quarter two 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $12.9 million, beating estimates by $1.3 million.
In the same quarter a year ago, the company lost $0.26 per share on revenue of $12.6 million.
The stock is down 7.50% to $1.85 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.
Trading in the five days leading up to the report earned S&W Seed Company a Bullish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 71. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
S&W Seed Co is a multi-crop, middle-market agricultural company. It is engaged in the breeding, production, and sale of alfalfa seed and sorghum seed. It also has a growing commercial market presence in sunflower and maintains an active stevia development program. The company's seed platform develops and supplies germplasm designed to produce higher yields for farmers worldwide. It produces approximately 500 seed products and has a sale in more than 40 countries. Its geographical segments include the United States, Australia, Saudi Arabia, Mexico, South Africa, and other countries.
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S&W Seed Company Down 7.50% To $1.85 After Earnings Miss
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