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Friday, August 11, 2023

Thorne Healthtech Inc Up After Earnings Beat

 Thorne Healthtech Inc (THRN) reported upside earnings and revenue..


Analyst expectations for Thorne Healthtech Inc earnings per share (EPS) were at $0.06, with the company surpassing those estimates with a reported EPS of $0.15, leading to a positive surprise of $0.09 per share (150%). Thorne Healthtech Inc's earnings rose 400% year-over-year as the firm reported an EPS loss of $0.05 per share in its year-ago quarter. The positive annual growth shows the Consumer Defensive company is performing well amid recent economic conditions.

Revenues were upbeat at $72.7 million. That is an increase of 29.69% in revenues from the year-ago report and is 6.22% higher than consensus estimates set at $68.5 million.

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