Why Charlotte's Web Stock Unraveled Today

Shares of hemp-oil hawker Charlotte's Web Holdings (OTC: CWBHF) fell 3.9% through 10:20 a.m. EDT after the company reported what appeared to be an earnings beat for fiscal Q2 2021 -- $0.04 per share lost where Wall Street had forecast a loss of $0.05 per share.

That's the good news. The bad news is that Charlotte's Web's revenues didn't measure up to expectations. Instead of the $28.4 million in sales that analysts had forecast, Charlotte's Web reported sales of just $24.2 million.    

Image source: Getty Images.

Continue reading

Source Fool.com