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Will National Beverage's share price drop lower following yesterday's events?

Micheal Ben


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Yes, it could. The company's profit took a big hit, dropping by 39.6% to $24.8 million during the last quarter, compared with $41.1 million during the same period a year earlier. Its revenue fell 2.9% to $220.9 million during the quarter, compared with $227.5 million last year. The management told its investors that the loss was due to injustice and that might not go down well with the investors, so the stock could suffer further over the coming days.

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