Breaking: Edible Garden Beats Estimates; Bullish Stance on Zai Lab
- August 10th, 2023
- 371 views
Edible Garden AG Incorporated (Nasdaq: EDBL), a provider of fresh herbs and produce, reported a second-quarter 2023 loss of $(0.24) per share, better than the consensus estimate loss of $(0.90). The company's quarterly sales amounted to $4.22 million, exceeding the analysts' projected revenue of $3.66 million for the period.
In a positive development, the company reaffirmed its target of achieving positive quarterly cash flow from operations before the end of the year.
$EDBL was trading at $1.77 in pre-market, indicating a significant increase of $0.58 (+48.74%).
In other news, Zai Lab Limited (Nasdaq: ZLAB), a prominent player in the biopharmaceutical sector, has garnered attention as Cantor Fitzgerald initiates coverage with an Overweight rating and a price target of $70.
With $ZLAB closing at $26.38 on Wednesday, the stated price target suggests a potential upside of $43.62 or around 165.18%, according to the financial services firm's evaluation.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026
Member Login