Eastside Distilling (NASDAQ:EAST) Posts Quarterly Earnings Results

Eastside Distilling (NASDAQ:EAST) issued its earnings results on Wednesday. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.12), Fidelity Earnings reports. The company had revenue of $3.90 million for the quarter, compared to analysts’ expectations of $4.26 million. Eastside Distilling had a negative return on equity of 78.82% and a negative net margin of 127.06%.

Shares of NASDAQ EAST traded down $0.03 during trading on Thursday, hitting $3.97. 5,418 shares of the company were exchanged, compared to its average volume of 61,878. The stock has a market cap of $36.65 million, a P/E ratio of -2.78 and a beta of 0.58. Eastside Distilling has a 1 year low of $3.32 and a 1 year high of $8.74. The stock has a fifty day moving average price of $4.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.92 and a current ratio of 4.88.

Eastside Distilling Company Profile

Eastside Distilling, Inc develops, manufactures, produces, and markets hand-crafted spirits in the United States. The company offers bourbon under the Burnside West End Blend, Burnside Oregon Oaked Bourbon, and Burnside Goose Hollow RSV Bourbon brand names; premium whiskey under the Barrel Hitch American Whiskey brand names; distinctive whiskey under the Cherry Bomb Whiskey and Marionberry Whiskey brand names; rum under the Below Deck Silver Rum, Below Deck Spiced Rum, Below Deck Coffee Rum, and Below Deck Ginger Rum brand names; and vodka under the Portland Potato Vodka brand name.

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Earnings History for Eastside Distilling (NASDAQ:EAST)

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