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Reeds reports 4Q loss

LOS ANGELES (AP) _ Reeds Inc. (REED) on Wednesday reported a loss of $10.9 million in its fourth quarter.

The Los Angeles-based company said it had a loss of 70 cents per share. Losses, adjusted for asset impairment costs and to extinguish debt, were 22 cents per share.

The beverage and candy company posted revenue of $9.7 million in the period.

For the year, the company reported that its loss widened to $18.4 million, or $1.24 per share. Revenue was reported as $37.7 million.

In the final minutes of trading on Wednesday, the company's shares hit $1.61. A year ago, they were trading at $3.90.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REED at https://www.zacks.com/ap/REED