Sep. 4 at 5:44 PM
$JVA look for third q earnings to come in at a loss of around 50 cents EPS or
$2,854,299. Sales will be flat at approx.
$19 million. This will be due mainly to massive derivative losses and a slowdown in revenue growth. One bright spot will be a decrease in operating expenses by almost 5% from
$3.53 million to
$3.35 million. The million-dollar questions are: (1) have these horrific results already been priced in? (2) will the company actually be able to surpass these expectations? stay tuned.