NORWALK, Conn. (AP) — Reeds Inc. (REED) on Tuesday reported a loss of $4.5 million in its second quarter.

The Norwalk, Connecticut-based company said it had a loss of 13 cents per share.

The beverage and candy company posted revenue of $9.5 million in the period.

Reeds expects full-year revenue in the range of $35 million to $40 million.

In the final minutes of trading on Tuesday, the company's shares hit $3. A year ago, they were trading at $2.90.

—————

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REED at https://www.zacks.com/ap/REED

Automated Insights

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.