trending Market Intelligence /marketintelligence/en/news-insights/trending/45HwBYT_qP-pI8HUlcryLw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Turning Point Brands profit misses consensus by 46.3% in Q3

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection

COVID: What’s the bottom line: Credit Impact of COVID-19 on US Municipals

Blog

Broadcast deal market recap 2020 – relatively good results in a challenging year

Blog

The State of Green Business 2021: Positive Impact


Turning Point Brands profit misses consensus by 46.3% in Q3

Turning Point Brands Inc. said its normalized net income for the third quarter came to 21 cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.

EPS declined 42.3% year over year from 36 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.1 million, a gain of 36.5% from $3.0 million in the year-earlier period.

The normalized profit margin rose to 8.1% from 5.9% in the year-earlier period.

Total revenue came to $51.0 million, compared with $51.4 million in the year-earlier period, and total operating expenses grew from the prior-year period to $38.9 million from $37.9 million.

Reported net income increased 41.2% year over year to $6.7 million, or 34 cents per share, from $4.8 million, or 57 cents per share.