initial public offerings (IPOs) trading on American exchanges

Friday, June 19, 2015

David's Tea (DTEA) posts first quarter loss, shares crash 25% (6/15)

David’s Tea lost 93.2 million Canadian dollars, an equivalent of $75.7 million. The company also reported a loss of C$7.73 per diluted share. Excluding the IPO and other one-time costs, net income was reported as C$1.1 million, dropping from C$1.4 million in the first quarter of 2014.

The earnings report also pointed to the operating costs of a weaker Canadian dollar as a reason for the loss.

(chart Dec 2016)

Company had it's IPO just 2 weeks ago

No comments:

Post a Comment