Turning Point Brands climbs to 9-month high on earnings beat

Turning Point Brands

03/05/2023 16:55

** Shares of Stoker's chewing tobacco maker Turning Point
Brands Inc  TPB.N  rise 5.6% to $24.4, a near 9-month high
    ** Co reports Q1 rev of $100.95 mln, beating analysts'
estimates of $97.2 mln - Refinitiv
    ** TPB Q1 adjusted EPS of 62 cents was also above estimates
of 48 cents 
    ** Maintains FY2023 adjusted EBITDA expectations of $88
mln-$94 mln 
    ** Stock up 13% YTD

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((RichardRohan.Francis@thomsonreuters.com;))