Shares of food company Whole Earth Brands, Inc. (FREE) are falling more than 13% in the morning trade on Monday after the company's fourth-results missed analysts' view.
The company's net loss narrowed to $393000 or $0.01 per share in the fourth quarter, compared with net loss of $5.1 million or $0.13 per share in the same quarter quarter a year ago. However, it missed the average estimate of analysts polled by Thomson-Reuters for a loss of 20 cents a share.
Revenue for the quarter increased to $132.71 million from $75.69 million in the same quarter a year ago, however, missed the consensus estimate of $138.56 million.
For the full year, Whole Earth Brands expects product revenue to be in the range of $530 million to $545 million. The consensus estimate stands at $45.12 million.
Whole Earth Brands stock touched a new low of $7.07 this morning.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.