Edible Garden (NASDAQ:EDBL) Stock Surges on Strong Q2 Earnings Report
Edible Garden’s stock is on the rise after the agricultural farming company released its earnings report for the second quarter. Despite reporting diluted earnings per share of -$1.21, which was better than expected, the company fell short on revenue with $4.27 million. However, CEO Jim Kras remains optimistic about the company’s future, citing new innovations in packaging and shipping that reduce waste and drive cost savings.
This news has led to heavy trading of EDBL stock, with over 22 million shares traded so far, a significant increase from the daily average. The stock is currently up 10.1% as of Wednesday morning.
In conclusion, Edible Garden’s strong earnings report and innovative practices could signal a positive future for the company and its investors. It’s important to keep an eye on EDBL stock as it continues to grow and evolve in the agriculture industry.